What is the difference between owning a company as LLC, INC, CORP?
Inc. and a Corporation are the same thing. There are several types of corporation including a LLC, S Corporation and a C Corporation. All have different requirements depending on what level of protection, tax treatment and funding you are interested in. The LLC is a type of hybrid business structure that is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. A popular choice for sole proprietors who are looking to incorporate simply to protect personal assets or secure additional loans, the LLC is thought to be one of the easiest and least expensive forms of ownership to organize. The Limited Liability Company (LLC) is now a recognized business structure in all 50 states plus the District of Columbia. LLCs are gaining popularity with small business owners because they combine the advantages of a corporation with the tax advantages and management flexibility of a partnership What are the main advantag
