What are the advantages for a online school to become a limited liability corporation

Usually two things (1) the corporate protection from being a company, in that if there is a lawsuit, only the assets of the company can be used for the judgment (no personal assets of the company owners) and (2) tax benefits similar to a general partnership.

Confirm this with a corporate lawyer.

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Originally Posted by NYcityboy

usually two things (1) the corporate protection from being a company, in that if there is a lawsuit, only the assets of the company can be used for the judgment (no personal assets of the company owners) and (2) tax benefits similar to a general partnership.

confirm this with a corporate lawyer.

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Essentually correct.

But it is a "limited liability company". It is not a corporation.