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Which entity type is best for my business – LLC or corporation?


LLC Formation or Incorporation Filing Service


That's a question that ultimately only you can answer.

Corporations have been around for hundreds of years, so the paperwork to form and maintain them can seem archaic at times. But if you plan to "go public" soon (for example, to make a public offering of your company's shares on the New York Stock Exchange), this is the only business entity type that can do it.

LLC stands for Limited Liability Company. It is a newer business entity type, but it has fast become the preference among many new small business owners. The reason is that LLCs were designed to offer the personal asset protection of Corporations, but with fewer initial and on-going requirements. For example, LLCs generally do not have to keep detailed meeting minutes, or even hold formal meetings at all.



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What are the publication requirements? Like all filing requirements, publication requirements vary by state. Some states require that the formation filing is announced in specific newspapers for a specific timeframe. In some cases states ...
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When do I need to obtain a Federal Tax ID (EIN)? A business generally needs to obtain a Federal Tax ID if any of the following are true: the business has just formed an LLC or Incorporated; there are one or more employees; a business bank account is...
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Are there any tax issues? With Sole Proprietorships and General Partnerships, there is little legal separation of the owners from the businesses. So the owners are taxed on all money that their businesses make. Corporations ...
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What happens after my order is complete? SimpleFilings is a secure solution for several of the most common new business filings, like LLC Formation or Incorporation, DBA Registration, and obtaining your Federal Tax ID. But there can be ...
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