what are some advantages of a limited liability company
A limited liability company (LLC) has many advantages as a form of business entity: 1  Pass-through taxation-under the default tax classification, profits taxed at the member level, not at the LLC level (i.e., no double taxation).
Advantages of a Limited Liability Company. Limited liability: As the name implies, membersâ liabilities for the debts and obligations of the LLC are limited to their own investment. This is one of the key advantages of a limited liability company.