Is Multi-member LLC an Option for ME?
Multi-member LLCs are popular because they combine the best legal and tax characteristics of corporations and partnerships. Specifically, a multi-member LLC can offer limited liability protection to all its owners (referred to as “members”) while being treated as a partnership for federal tax purposes. Advantages Liability protection. When you operate as an LLC, state law generally protects your personal assets from exposure to business-related liabilities. Such exposure can