What does LLC even mean?

These past weeks, CubeForme has officially become CubeForme, LLC, with the help of the USC Small Business Clinic. For those of you who don’t know (we certainly had no idea until recently), a limited liability company, or LLC for short, is “a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation”.  When a business becomes an LLC, it becomes an official company and is regarded as such by the state and the law. While there are other options, such as becoming an S corporation or a C corporation, LLC is the more recently introduced route that a lot of startups tend to go with. As an LLC, CubeForme is now a distinct entity, which gives us as founders more mobility in terms of liability. We can also now open our own bank account. With that being said, CubeForme has a legal structure and legitimacy, which has us founders feeling pretty legit. Becoming an official company is a necessary step in the path of every startup and we’re proud to have taken this step. Let’s see what’s next!