A Limited Liability Corporation (LLC) is a mixture between a corporation and a partnership. It offers the protection of a corporation and the income benefits of a partnership. Under an LLC, business owners can protect their personal assets from debts incurred by their company. Many people get LLCs mixed up with limited partnerships which is why it’s important to consult with an experienced attorney like the team at Lacy Financial to ensure you’re making the right choice given your business’s needs and goals.