5 Reasons an LLC Is Right for You

While there are numerous professions to go for, setting up an independent business is every entrepreneur’s dream. Every business setup in UAE requires a particular type of legal scaffolding to help it prosper without facing any intermediate hurdles. Using the right business structure to erect a company is imperative to its ultimate success in the market. One of these corporate structures is Limited Liability Company or more commonly abbreviated as LLC. In this article we will share 5 reasons why you should go for an LLCformation for your business. 

Avoid Double Taxation

First off, LLC gives you shelter against taxation. Many entrepreneurs and SMEs opt for LLC because it avoids double taxation. Under most cases of C-Corp business structure, the company and its owner are separately taxed each year. This is prevented in LLC formation since these setups are taxed more like a sole proprietorship.

 

Choose Your LLC Location

Most owners often face complications when finding a good location for their work space. A LLC formation helps the owner secure a work place in their near proximity instead of looking for a far distant place to run their operation from. You not only save on heavy taxation, but also avail a huge variety of serviced offices in the commercial district that can be used from day 1.

Easy to Incorporate Changes

Another great advantage of an LLC is its flexible system that facilities owners to easily add partners, sell interest, or make administrative changes. Unlike C-Corp, LLCs enjoy fewer restrictions on many levels that helps it to incorporate almost immediate changes in company policies. 

Easy Registration

Since LLC is a fast and simple company structure, almost every business can get register in various zones around UAE. For instance, a company needs to register for a particular business in UAE then it will contact a professional company setup agency and within a weeks’ time the license will be mailed at the owner’s doorstep. 

Asset Protection

Above all, a LL Company setup gives protection to the owner’s assets since very little can be done if anyone tries hostile acquisitions or mergers. After a satisfying period of growth, you can easily convert it into an S-Corp or C-Corp by yourself.