Connection Post I

I work for an attorney here in Bryan, and have seen him change his corporation three times now. In class we learned about the different corporations and how each company has different needs so therefore the business has different reasons for setting itself up certain ways. I have been interested to see why my boss would set up his partnership as a LImited Liability Company, and learned in class last Monday that one of the benefits is that there is limited liability on him. He recently added a partner to the firm the beginning of January and went fromb eing a sole proprietorship (I think that's correct) to a P.L.L.C. I learned that there are tax benefits to this as well. (Not being taxed twice) I'm glad we discussed this in class. Now seeign how he went from one stage to another and now to anther stage in his career, I see why he would have his business set up different ways to benefit his different needs.