Taking roughly 20 years to accomplish, a limited liability corporation is now an acceptable entity by all 50 states. The Limited Liability Company Center, offers helpful information for each state, making it easy to decide if an LLC is the right selection for you.

The Limited Liability Company Center

LLCs are not right for every situation, however. While the LLC has many advantages over other entities, the LLC also has its disadvantages. Depending upon the situation, a partnership, limited partnership, limited liability partnership, S corporation or even a C corporation may be a more appropriate choice for a new business. Deciding on a particular type of entity can be a complex and challenging process, and in any particular situation reasons may dictate a choice other than a limited liability company.
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