Incorporation

A limited liability company (LLC) and corporation are two different company structures with very different tax requirements. No matter which entity type you choose, being incorporated adds legitimacy to your business, specifically, the way your business perceived in the marketplace. Take a minute to consider your short- and long-term business goals to determine which structure is best for you.

Advantages and disadvantages of an LLC vs. a corporation
A limited liability company (LLC) is a type of business structure that offers personal liability protection, as well as a few tax advantages. The “LL,” or limited liability, in LLC is what protects your personal assets in the event of a judgment against your company. Traditional corporations offer limited liability as well, so it is important to focus on the structural and taxation differences to explain the differences of LLCs vs. corporations.