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we are an llc because we need to be flexible as we are a partnership. llc's are basically dba's but are allowed to have the benefit of corporate shielding and tax benefits. if you lose your shirt you "in theory" don't have to lose your house too. llc is what it states though, limited liability. i am sure in the event of a catastrophe, lawyers could penetrate my corporate shielding like a knife through butter. however, for us, the ability to be flexible in our set-up is more important. the more important issue for most folks is the tax benefits. in a republican controlled system, corporations fare best.
I am no CPA but I think my grasp of the total picture is close. I almost didn't post because I am no expert but sometimes a little information leads to more and better information with some investigation. So, for what it is worth, that is my 2 cents.
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