Setting up a business as a limited liability company (LLC) can protect personal assets and shield entrepreneurs from business debts, while providing more flexibility than forming a corporation.

Laurie Sepulveda is a MarketWatch Guides team senior writer who specializes in writing about insurance, investing, personal loans, home equity loans, mortgages and banking. She lives in North Carolina ...

If you're starting a small business, generally the first step is setting up the legal structure of your business. There are several options, even if you're running a solo operation, which can get ...

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Rachel Williams has been an editor for nearly two decades. She has spent the last five years working on small business content to help entrepreneurs start and grow their businesses. She’s well-versed ...

An LLC operating agreement isn’t required in most states, but it’s an important legal document for a business. Many, or all, of the products featured on this page are from our advertising partners who ...

Short for “limited liability company,” an LLC is a popular type of business structure used to protect small business owners from legal liability around their personal assets if the LLC is sued or ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...