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    3. How Smart Entrepreneurs Are Protecting Their Brand And Building Wealth And How You Can Too
    How Smart Entrepreneurs Are Protecting Their Brand and Building Wealth — And How You Can Too main photo

    How Smart Entrepreneurs Are Protecting Their Brand and Building Wealth — And How You Can Too

    July 3, 2025

    Every year, more professionals take the leap into entrepreneurship, and more often than not, they're forming LLCs to do it. According to the IRS, LLCs made up 72.7% of all partnerships in 2022, far surpassing other entity types for the last two decades.

    Why? LLCs combine the liability protection of a corporation with the simplicity and flexibility of a sole proprietorship. But those aren't the only reasons they've become the go-to structure for startups, solo professionals, and even families looking to preserve generational wealth. Here's why the LLC continues to gain momentum — and what that signals for the evolving business landscape.

    Click here to read the original article from Entrepreneur.

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    Investment in the Community

    15000 new homes being built
    100 million+ in new investment
    53 million in infrastructure improvements
    45 million in commercial development
    3 million in park expansions
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    City of Elgin, TX Economic Development 310 N Main Street P.O. Box 591 Elgin, TX 78621 Phone: 512-281-5724 Fax: 512-285-3016 kaley.frye@elgintexas.gov
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