You’re trying to decide which business structure you should choose for your business right. What’s the pros and cons of each structure and which one is the most beneficial to choose. Well here we’ll take a good look at the Limited Liability Company and C Corporation (Inc) structure and let you choose which serves you best.
Limited Liability Corporation (LLC)
The LLC separates you from your actual company. This protects you from having your own personal assets seized in the case of a lawsuit arising. In an LLC you’re called a “member” instead of a business owner.
Benefits of an LLC:
- Asset protection: You take no responsibility for business debts personally.
C Corporation (Inc.)
A corporation is its own entity that is separate from you. It has limitless growth potential through stock sales and investors can invest in the company.
- Limitless shareholder: as many people can have a piece of the business as available (or fit).