45a894fa_cture_of_Your_Business___SCORE__2
[0] Ltd. Liability Company [1] Complex to organize. [3] Some state controls. [4] Members divide profits. [5] Somewhat easy to discontinue. [6] Members not liable.* [7] Members are taxed on company profits. [8] Expanded ability to raise capital. [2] 
Authority is divided among members or managers.
Choosing the Legal Structure of Your Business | SCORE
2