The Limited Liability Company (“LLC”) has become the entity of choice for a large number of businesses. Simply put, LLC’s provide many of the same advantages of both a Corporation as well as Partnership. Between the flexibility of contract and elective tax status, this entity choice can prove itself to be far superior to traditional business entities. Not only are the annual maintenance costs quite economical, the required formalities are relatively less onerous than that of other business forms. Furthermore, the asset protection benefits of charging order protection are arguably one of the most important features for small businesses. To learn more about whether an LLC is right for you, contact Jones Law for a consultation.