The advantages of creating an LLC typically outweigh any perceived disadvantages and are generally unavailable to sole proprietorships and general partnerships. Advantages of LLC’s: Protected assets. LLCs provide limited liability protection or security to their owners (members), who are typically not personally responsible for the business debts and liabilities of the LLC. Creditors cannot pursue personal assets like houses, savings accounts of the owners to … Continue reading Few Advantages and Disadvantages of LLC’s