LLC company

Discussion in 'Business Operations' started by JTS Landscaping lawn, Nov 5, 2005.

  1. JTS Landscaping lawn

    JTS Landscaping lawn LawnSite Senior Member
    Posts: 378

    i was talking with my insurance company and he was telling that i should look into the LLC for my company. was wondering what the LLC is.
     
  2. The landscaper

    The landscaper LawnSite Senior Member
    Posts: 845

    Its a hybrid of of corp. and sole prop.

    Gives you the limited liability with flow through income. Becoming pretty popular.
     
  3. Green-Pro

    Green-Pro LawnSite Bronze Member
    Posts: 1,420

    Limited Liability Corporation provides you with a layer of personal asset protection in the event you are sued vs. sole prop where everything you own is on the line. The real point to ponder is how secure does the LLC make your assets? I feel secure as an LLC and I've not heard of anybody around my neck of the woods getting burned on this. I chose this as the best business structure to begin with, intend to incorporate in the near future.
     
  4. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

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    Hi JTS Landscaping lawn,

    The LLC creates it's own business entity versus a Doing Business As. As Green-Pro said, it should provide you with more protection.

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  5. neversatisfiedj

    neversatisfiedj LawnSite Bronze Member
    Posts: 1,028

    They charge here annually for LLC's so I went with sole prop.
     

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