Form a Virginia LLC Vs a Virginia Corporation – Which is Right For Me?
Most form a Virginia LLC over a Virginia corporation for their new business. This is because the Va limited liability company was designed to provide all the advantages of a corporation but without the disadvantages. However, the LLC is not right for everyone. Both the limited liability company and the corporation offer the same level of liability protection. They are both business protection vehicles and provide a layer of protection between you personally and your business. This is a must have today given the growing number of lawsuits. VIRGINIA LLC IS A SIMPLER LEGAL ENTITY However, when you form a Virginia LLC you get a much simpler legal entity than a corporation. There are no requirement legal formalities under the statutes like there are with corporations so a Va limited liability company is easier to maintain. VIRGINIA LLC IS MORE FLEXIBLE The limited liability company also provides a much more flexible business vehicle. Owners (called Members) are able to tailor the way the bu
