Need to start a business?
LLC - Limited Liability CompanyÂ
LLC - Limited Liability CompanyÂ
How is an LLC beneficial?
With an LLC, you can avoid liability if you work alone or with a partner.
You don't need a board of directors for maximum flexibility in managing and running your business.
Unlimited owner or members
Business liabilities don't apply to you personally
You can choose between being taxed once or twice; it's up to you to make the right choice
Inc - Corporation (S or C corp)
Inc - Corporation (S or C corp)
How does a Corporation differ?
Your business can issue shares or go public.
Unlimited owners or "shareholders"
Owners received preferred stock
The corporation is recognized internationally
An investors favorite
If it is an S corporation, it avoids double taxation
Less management flexibility