Understanding Business Entity Types: LLC vs Corporation
Compare LLC vs Corporation to choose the best business entity type for your startup or existing business.
Choosing the right business entity type is crucial for your company's success. Let's explore the differences between LLCs and Corporations.
LLC Advantages
- Simple structure and management
- Pass-through taxation
- Flexible profit distribution
- Less paperwork
Corporation Advantages
- Ability to raise capital
- Stock options for employees
- Perpetual existence
- Tax deductions
The choice depends on your business goals, funding needs, and growth plans.
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