| When choosing between starting a Limited Liability | | | | in every situation, so in order to pick the right kind |
| Company and founding a Corporation, picking the right | | | | ofcorporate structure for you, it is crucial that you |
| option can feel overwhelming. However, deciding how | | | | make a frank appraisal of your requirements so that |
| to go about the processof incorporation is simple once | | | | you can weigh the costs and benefits of both options. |
| you gather the necessary facts. Once you've learned | | | | In most states, starting an LLC requires substantially |
| about these two kinds of organizations and have | | | | less paperwork and lower initial fees than founding a |
| gained a strong sense of what your unique priorities | | | | corporation does, which makes it a great way to start |
| are, the choice about whether to register as an LLC or | | | | doing business with a minimum of hassle. However, |
| as a corporation will begin to seem very clear. | | | | because of its impermanence, the growth potential of |
| The differences between setting up your business as | | | | an LLC is limited compared to the possibilities that a |
| an LLC or as a corporation are numerous, and the | | | | corporation offers. A corporation endures as an entity |
| more you know about these two kinds of | | | | separate from any single one of its founders, but in |
| organizations the better equipped you will be to decide | | | | many states a Limited Liability Company immediately |
| how to structure your company. The differences vary | | | | dissolves in the case of the death, dismissal, or |
| by region, as incorporation is regulated by state rather | | | | resignation of any founding member. If your primary |
| than federal law, so it is a smart idea to consult with a | | | | goal is to get things rolling right away, an LLC may be |
| local lawyer in the early stages of your decision | | | | the right choice, but ifyour vision for your company |
| making process. Once you know a bit about the | | | | includes a long-term plan for expansion, you may want |
| differences between an LLC and a corporation, it is | | | | to make the investment of time and money that |
| time to turn your gaze inward and consider your | | | | founding a more permanent corporation demands. |
| unique needs. Neither an LLC nor a corporation is ideal | | | | |