| For many people, it's confusing to know whether to | | | | While it may be a bit expensive to hire an accountant |
| form your business as an LLC vs Corporation. The | | | | or attorney upfront to help make this decision, you |
| choice you make when setting up your business now | | | | should anticipate that making the wrong decision up |
| can have important financial and ownership | | | | front and needing to change it later may cost you |
| ramifications later. You can find many resources online | | | | even more. It's best to understand up front which will |
| that will give a comparison between the two and help | | | | be the best for your particular business and start |
| you understand the costs and benefits to each type | | | | down the right path initially. Again, be careful to make |
| of company structure. Realistically, the best way to | | | | sure that your lawyer or CPA knows your industry |
| choose whether to establish yourself as a Limited | | | | well since it's often the industry-specific details that can |
| Liability Corporation or a true Corporation is to consult | | | | tip the balance one way or the other for your ideal |
| a lawyer or an accountant who knows your field and | | | | company structure. If you can't afford to spend money |
| industry very well. Often, there can be particular | | | | on professional assistance now, use one of the many |
| characteristics of your business that can make either | | | | checklists and guides available online to make the best |
| an LLC or a corporation a dramatically better choice | | | | possible choice now and when you have money later, |
| that a more general company structure guide cannot | | | | check your decision with a professional to ensure that |
| anticipate. | | | | you are on the right track. |