Essential ecommerce terms to grow your online store.
An LLC is a legal business structure that protects the owner's personal assets such as a house or savings, in case the business faces legal or financial trouble. It combines the tax benefits and operational flexibility of a partnership with the liability protection of a corporation, making it a popular choice among ecommerce entrepreneurs. While setting up an LLC typically involves higher costs than a sole proprietorship, many online sellers find the added credibility and security to be a worthwhile investment.
