A lot of people I talk to don't understand the legal vs. tax aspects of their LLC or corporation. They often refer to their company as a "pass-through," and they relate the asset protection strength of their company to whether or not it is a pass-through LLC or corporation. In my YouTube video, I explain what a pass through entity is.

Learn more in my article at http://www.llcwizard.com/pass-through-entity.

P.S. To find out the best way to set up your business for maximum tax savings every year, check out my Advanced Tax Tactics.