Pat, owner of Pat's Welding, LLC, would like to let someone else run the day-to-day operations while he continues to draw an income from the business. Because the business is an LLC, Pat will not have to be concerned about

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As an LLC, Pat's Welding will not be subject to double taxation, meaning that the company's income will not be taxed at both the corporate level and the individual level. This is a benefit of choosing the LLC business structure. The other options (reduction in company value, seller financing, and brokerage fees) may still be concerns for Pat, depending on how he decides to transfer management or ownership of the business.

Pat, Owner of Pat's Welding, LLC, Would Like to Let