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Why Choose a Multi-Member LLC?

"When setting up an LLC, one decision you’ll need to make is whether to go with a single-member or multi-member structure. While both offer the benefit of limited liability, multi-member LLCs generally provide stronger legal protections.

Why? With a multi-member LLC, courts are less likely to treat the business and its owner as the same entity. This reduces the risk of ‘piercing the corporate veil,’ where personal assets can be at risk to cover business debts or liabilities. The presence of multiple members reinforces the separation between personal and business activities.

Additionally, having multiple members allows for shared decision-making and more financial backing, which can strengthen the company’s operations and future growth. It’s a more resilient structure that often offers better legal shielding.

So, if you’re thinking long-term and want to maximize your protection, a multi-member LLC is usually the way to go."

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