LLC stands for Legal Liability Corporation. A LLC provides you more legal and financial safety than a sole proprietorship. A LLC is an a type of business that is another option to a sole proprietorship, and can be set up for a small fee at a county clerks office.

LLCs are becoming more popular in recent years to small business owners. LLCs offer the tax benefits of being under a partnership. Having an S-Corporation as opposed to a LLC causes you to be faced with loads of paperwork and taxes that potentially can get to deep for you to dig yourself out of. LLCs allow you to only have to do paperwork one time so you have more time to take care of your business.