An LLC protects you and your personal assets—including your car, home, and bank accounts—from liability if your business is ever sued or incurs debts.
Unlike with a corporation, you aren't required to have a board of directors or shareholders with an LLC. You have more options in setting up your management structure.
With an LLC, you get to choose how you'll be taxed. By default, LLCs are taxed as pass-through entities, but you can decide to be taxed as a corporation or an S corporation.
Limited Liability Company (LLC)
The simplest way of structuring your business to protect your personal assets.