Advantage and disadvantage limited liability company gives the business owner the best of both worlds. This is because LLC has limited liability and simultaneous pass through on taxes. The advantage is that it gives the shareholders the benefits of a corporation as well as partnership. The disadvantage is that the LLC may not be existence when the period of duration expires. Also it will not be
. in existence when there are no more members or if the event that is declared in the articles of incorporation. It may also not be no longer in existence when ordered by the court to dissolve or to end the business. Another disadvantage is that the LLC is restricted on the transfer of ownership. Most investors tend to stay clear of the Limited Liability Company because some areas can confuse the way shares are transferred. One of the main advantages to an LLC is that the shareholders is only liable up to the amount that they invest, which in turn means that the LLC avoids the double taxation that is inherent to the C corporation form.
