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Can an LLC own crypto?

Crypto accounting, simplified. While LLCs can own crypto just like any other asset, opening and maintaining a company isn’t a choice that should be taken lightly. In this guide, you’ll learn the benefits and discover the potential downsides of owning crypto in an LLC. Benefits Downsides

Should a cryptocurrency business have an LLC?

Most importantly, an LLC structure offers limited liability to its owners, which can protect their personal assets from lawsuits and creditors. For a cryptocurrency business, lawsuits can arise from things like digital trade patent infringements as well as from data breaches.

What is a Crypto LLC & how does it work?

In an LLC, the ownership of the crypto assets is vested in the company itself, rather than in the individual. This means that transferring the assets from one person to another within the LLC structure can be done relatively easily.

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