In the UK it has the theoretical benefit of meaning that you and your company are two separate legal entities and therefore debts and liabilities are separate... so if the business goes bust then your creditors cannot repossess your home etc. The reality can be slightly different however in that for large credit lines or for new companies then many creditors will want directors to give personal guarantees to the debt. Likewise, a director has a legal liability to act at an appropriate level of competency and failure to do so can make them personally liable, especially if the company cannot afford the liability or if it is action taken by the shareholders
It's the same here in the states. I went to Legal Zoom and they said the same thing. Thank you for the information.
Try reading these pages discussing the advantages of an LLC and the disadvantages of an LLC. It is often the best entity, but there are reasons why an S corporation may be better suited for some businesses. You should take the time to understand the differences or talk to an attorney before you decide on a particular type of entity.
llc is better then corp if you are going to register business (llc) in U.S then you need to pay limited amount of tax and doesnt need to show revenue.
While there are advantages to a LLC, there are also advantages to being a sole trader or partnership. There is no single rule that fits all circumstances and you need to speak to an attorney or accountant on what would be the best solution for your needs. Don't forget that that partnerships and LLC tend to come with a lot more legislation attached and statutory duties that you don't have as a Sole Trader, so can be more work. Everyones situation is different and what's best for one person might not be best for you.