What Exactly IS an LLC, Anyway?

Posted Leave a commentPosted in Small Business, Startups

First, a little bit of simplified history helps explain the context around LLC’s.  I know.  Bear with me. Before LLC’s emerged in the late 1990’s, businesses generally fell into two categories:  corporations and “unincorporated entities” (either a sole proprietorship (if solo) or a general partnership). Corporations are taxed separately from their owners and are subject […]