To start I will explain what the Limited Liability Company (LLC) represents. This is a combination of the best features from both a partnership structure and a corporation structure. A Limited Liability Company is typically easier to form with “flow-through taxation” (Rogers, 2012), and the business holds the liability where the owners do not. “The purpose of an LLC is to allow one or more people to operate a business and have liability protection along with certain tax advantages. Another purpose of an LLC is to give business owners an entity that is flexible and easy to maintain, while requiring fewer formalities than other business entities, such as corporations” (Legal Zoom).