Flexible is the best word to describe the structure of an LLC, or limited liability company. It can be anything its owners want it to be. This makes it the choice of many small business owners. An LLC ...

A limited liability company is a business structure providing certain protections to its members. Unlike a sole proprietorship, in which an owner has personal responsibility for company debts, in an ...

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.