Different LLC types you should know about

The type of LLC you should create will depend on a variety of factors, such as your business goals, the nature of your business, your state's laws, and your personal preferences. Here are some of the most common types of LLCs:

1. Single-member LLC: This is a type of LLC with only one owner, who is also the only person responsible for the company's debts and obligations.
2. Multi-member LLC: This is a type of LLC with multiple owners, who share the profits and losses of the company. In a multi-member LLC, each owner is typically responsible only for their own share of the company's debts and obligations.
3. Series LLC: This is a type of LLC that allows you to create separate "series" within the same LLC, each with its own assets, liabilities, and members. This can be useful if you want to operate multiple businesses under one LLC, but you want to protect the assets of each business from the liabilities of the others.
4. Professional LLC: This is a type of LLC that is specifically designed for licensed professionals, such as doctors, lawyers, and accountants. In some states, licensed professionals are required to form a professional LLC in order to practice their profession.

Ultimately, the type of LLC you should create will depend on your specific circumstances and goals. Don't hesitate to setup a free consultation with us in order to determine which type of LLC is best for your business.