Incorporate vs. LLC
Choosing a Structure for Your Business
Incorporate or form an LLC? It is a common question many small business owners face when they hope to take their enterprise to the next level. Small business owners should consider the advantages of both a corporation and a limited liability company (LLC) and which one is better for their company's short-term and long-term goals when forming a new company.
Weighing the options and comparing incorporation vs LLC is important when selecting the right structure to help maximize the chances for success. Though corporations and LLCs can both help protect personal assets from business debts and any potential lawsuits or judgments made against your business entity, an incorporated business and an llc offer a difference in benefits.
Here are just a few of the ways in which the structures differ from one another.
|Advantages of an LLC||Advantages of a Corporation|
|Disadvantages of an LLC||Disadvantages of a Corporation|
Choosing to incorporate or form an LLC is an important decision. Take your time making this decision on forming your ideal business structure.
Note: LLC owners can elect for the IRS to tax the LLC as a sole proprietorship, partnership, C Corporation, or S Corporation. Owners make this election through the IRS after the company forms with the state of its choosing. For more information on choosing a state that best suits your business's needs, please consult our State Guides page to better inform your decision. If you require additional, state-specific information as to the benefits of being incorporated vs. an LLC, please contact one of our specialists to learn more.)
Read More About Legal Business Structures
Regardless of which business structure you choose, The Company Corporation can help you incorporate or form an LLC online, or by phone, in minutes.
- Limited Liability Company (LLC)
- C Corporation
- S Corporation
- Nonprofit Corporation
- Professional Corporation
- Series LLC
- Limited Partnership