One thought on “What are the benefits of a multi-member LLC?

  1. Arti says:

    Members can pay themselves by taking a distribution of their portion of the profits. The biggest benefit of forming a multi-member LLC is that the owners (known as members) have liability protection between their assets and the business. The biggest drawback of a multi-member LLC is that in a few instances, members can be held responsible for other members’ actions. That means if a fewone sues your business, in most cases, only the business’s assets are at stake.

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