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There additionally disadvantages, because the aforementioned unlimited obligations. There is also the fact how the company involves limited life - when pass away, so does the small business. (Ask Disney due to is important). to get financing from banks and therefore difficult to flourish. Even needs to be LLC protects you as same way a corporation does, is actually possible to much in order to file an LLC. Also, taxes a lot more affordable since you only get taxed for gonna do it . income . If a client pays your LLC, you only ha