What is an LLC and why would I need it?

It’s low cost, easy to open and maintain and very popular.

The LLC is a Limited Liability Corporation, a simplified corporate entity in the USA used for liability protection. It’s low cost, easy to open and maintain and very popular. You would need a corporate structure if you want to protect yourself from the liability of your business operations, or to project a sense of formality in your business, or to hire employees.