The advantages of starting a Business LLC are many. You’ll have the benefit of limited liability protection, pass-through taxation, and operating agreement protection. However, there are several aspects of establishing a business that you should know about before deciding on an LLC. You’ll also need to choose an Operating agreement, choose your LLC’s name, and prepare the necessary documents, such as a Business LLC Operating Agreement. If you’re confused, here are some tips to get you started.

Pass-through taxation

Since the 1986 Tax Reform Act, the share of business activity represented by pass-through entities has grown significantly. Today, eighty percent of business tax returns are filed by flowthrough entities, compared to forty-seven percent i…