CORPORATIONS vs. LLCs

How do you know whether a corporation or LLC is right for your business?             Let’s assume that you’ve concluded it would be advantageous to operate your small business through an entity that limits the personal liability of all the owners – even if following this strategy involves a bit more paperwork, complexity and possible expense.  You have two main choices – either a corporation or a limited liability company (LLC).  Which is better?  There’s no answer to this question that applies to every business.  Nevertheless, some general principals may... Read The Rest →