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LLCs for Artists

A LLC (limited liability company) is a popular business entity for artists that like the one we discussed earlier, provides enhanced liability protection for you as the

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owner, and also the tax advantages that a partnership offers. An LLC is required to be registered with the specific state you reside in. Like a partnership.

may have multiple owners, and "pass the gains (or losses) through" your LLC to the owners who will then file the money on their individual tax

returns.

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An LLC is a type of business structure that is often used to separate the personal assets of you from the business assets.