Since the LLC statutes were created more recently than the corporation statutes, a business structured as a Limited Liability Company offers many more advantages for the principals:

• No Member or Manager liability for LLC debts.  more
• Member cannot be served in action against LLC. more
• One person can operate LLC with minimal IRS requirement.  more
• Tax options: Partnership, C-Corp, S-Corp or Sole Proprietor. more
• "Charging Order" is exclusive remedy for creditor of member. more
• Member can pass "phantom income" to creditor.  more