1. There is much less administrative paperwork and recordkeeping than a corporation
  2. Pass through taxation (no double taxation)
  3. Limited liability, meaning the owner of the LLC
  4. Can be elected to be taxed as a sole proprietorship, partnership, S-corporation, or C-corporation which provides much more flexibilty
  5. There are no requirements of an annual general meeting of shareholders
  6. There is no loss of power to a board of directors
  7. Great for getting loans and small business investors who can sell "shares" or interest in the company to help fund startup costs
  8. Friends and family can be your investors
  9. Lowers your taxes you owe if you elect correctly
  10. Additional protection to your company by the LLC status