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The Savory Escape Legal Structure

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The Legal Structure that I have decided to choose for my restaurant “ The Savory Escape is a Limited Liability Company. A Limited Liability Company (also known as LLC) is a business organization that that combines elements of corporations and partnerships. It is designed to provide the advantages of limited liability, favorable taxation, flexible ownership structure and reduced legal formalities.A LLC provides the limited liability protection of a corporation, while avoiding the double taxation. I chose this legal structure for my business because it protects my personal assets. If something bad happens at my restaurant and a lawsuit happens or if debt occurs my personal assets(such as house or car) can not be touched and only my business

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