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January 2019 Archives

The pros and cons of LLCs

One of the most important decisions that business owners in Illinois and elsewhere have to consider is how to structure their companies. For some businesses, a limited liability company will be the most effective one. The LLC itself is a cross between a sole proprietorship and a corporation. It is considered its own entity separate from the owner of the business. However, it retains the benefits that can be derived from pass-through taxation.

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