What are some advantages of forming a corporation or LLC?
Corporations have several advantages. The most important advantage of a corporation is that it affords its stockholders with limited liability. Since the corporation is a separate legal entity, the shareholders who own it are protected from most debts or liabilities of the corporation. In addition, S-corporations also provide the advantage of single taxation to shareholders of the corporation. Other corporation advantages include the ability to raise capital through the sale of stock, ease of sale of the corporation through stock sale or transfer, centralized management that can remain in place after the sale of the corporation, and an unlimited corporate life, meaning that the corporation continues, even after the death of the shareholder(s). LLCs have several advantages as well, and have become more and more popular in Florida over recent years. LLCs allow for single “pass through” taxation, like S- corporations. LLCs also provide members with limited liability from most debts or lia
