An LLC (Limited Liability Company) is a business structure that offers liability protection, meaning your personal assets are protected from business debts or legal claims. It’s a flexible and simple option for business owners.
LLCs have two main tax classifications:
- Single-Member LLC (SM LLC): Owned by one person or entity, offering simplicity and liability protection.
- Multi-Member LLC (MM LLC): Owned by two or more members, providing shared responsibility and flexibility.
Even if you’re not a US resident, you can open a US LLC and benefit from features like a US bank account, payment processing, and asset protection. The process is simple and can be completed quickly with proper guidance.