Creditors cannot pursue owners' personal property to pay business debts. In a sole proprietorship or general partnership, the owners and the business are open to making their personal assets vulnerable. LLCs typically don't pay the same taxes as other businesses. LLCs are free to establish whatever organizational structure the business owners agree upon. LLCs can be operated by owners or managers, unlike corporations that have a board of directors that oversee the company's major business decisions and officers who handle day-to-day affairs. LLCs also have few restrictions on who can start and own one. LLCs have a distinct advantage over many other business structures for a couple of different reasons such as; they are easy to set up, limit the personal liability of all associates, and are not taxed as an entity. LLC shares are generally privately owned and are not open to the public