What is an LLC (Limited Liability Company) & How Does it Work?

Discover the essentials of an LLC in this video! We dive into how a limited liability company (LLC) protects your personal assets, simplifies your business operations, and offers tax benefits. Whether you're a solo entrepreneur or have partners, learn why LLCs are the most popular business structure in the U.S. today.
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TIMESTAMPS:
00:00 - LLC Explained
01:11 - Benefits of LLCs
03:45 - Disadvantages of an LLCs
04:43 - Anyone can form an LLC?
05:10 - Different types of LLCs
06:08 - How to create an LLC?
06:22 - Do it yourself
06:49 - Hire a professional
07:15 Conclusion
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Disclaimer: The content in this channel is for informational and entertainment purposes only and should not be considered as financial or legal advice. I am not a certified financial advisor or a licensed attorney. It is strongly advised to consult with a professional financial advisor or legal counsel before making any decisions based on the strategies discussed in our videos. Thank you for watching!