One of the most fascinating and eye-catching advantages of LLC that attracted most people are the fact that it has the pass-through taxation found in the partnership and sole proprietorship. All these are incorporated into the limited liability of a corporation. Given the fact that it has some prospects of partnership and sole proprietorship combined with those of a corporation warrant it as one of the best forms to be adopted by everyone. It can thus be adopted by personal businesses or corporations. Maintenance of an LLC is the most important step. With the tax identification number, it is important to update often and keep records of the tax payment to avoid getting into trouble with the authorities. Hiring a professional accountant may help to keep clear track records of the financial transactions. The annual filing requirements should be maintained. On a personal stance, LLC is the bestmodel that fits all the entities.