I saw this tiktok ad of this content creator saying she didn’t know how to make an llc but she found a company that did it for her and she was promoting the company and saying how anyone can get one. But why? and what is it?
In: Economics
It’s to protect your personal assets in case you are sued. If I have a small company, and do something that someone sues me for, they can bankrupt the company. The LLC prevents them from also bankrupting you personally.
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