Photo of Matthew Brust

Matthew Brust is an associate in the Business & Tax Department at Henderson, Franklin, Starnes & Holt, P.A. in Fort Myers, Florida. He focuses his practice in business organization operations and planning, mergers and acquisitions, and federal and state taxation. Matthew enjoys working with business owners, entrepreneurs, and start-ups explaining the most tax-efficient methods to implement their business needs and goals, and then guiding them to the best possible legal outcome for their unique situation.

Launching your own business is a huge decision, one not to take lightly. From developing your product or service and getting funding to taking measures to protect your business, entrepreneurs must do their homework. As a business and tax attorney, one question I often hear is:

What is the best way to set up a new business?”

While the answer varies depending on the goals of each client, an LLC is often chosen.

What is an LLC?

An LLC, or limited liability company, is a U.S. business structure that combines the simplicity, flexibility, and tax advantages of a partnership with the personal liability protection of a corporation. The owners of LLCs are called members. An LLC can have one or many members. Members can be individuals or other businesses, and there is no limit to the number of members an LLC can have. With an LLC structure, members’ personal assets are protected from the LLC’s creditors. LLCs are more cost effective and simpler to form than a corporation. This, in addition to the discussion below, has led to LLCs becoming the ‘go-to’ business structure to form.

Who should form an LLC?


Continue Reading What is an LLC and why do I need one?