Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

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The Limited Liability Company (LLC) is a popular legal entity for small businesses, since it gives business owners liability protection and pass-through tax status, while keeping the business formalities and paperwork to a minimum. The LLC is a relatively new business structure in the U.S. While each state has its own guidelines for forming and managing an LLC, they all follow the same general principles.

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