| This article was written to help guide potential business | | | | modern times, however, owners are choosing to go |
| owners through the process of incorporation. | | | | with the more flexible L.L.C. The L.L.C. (i.e. "Limited |
| Specifically, the author discusses his three most | | | | Liability Company") shares a corporation's aspect of |
| important aspects of incorporating or forming an LLC | | | | limited liability in that the business owners are not held |
| 1. Pick the right formation type. | | | | liable for the company's debts and losses, but also has |
| The first thing you must consider before you | | | | many aspects that are not shared by a corporation. |
| incorporate or form an LLC (Limited Liability Company) | | | | Though this article's short nature limits the amount of |
| is which type of formation would be optimal for your | | | | detail that can be discussed regarding each particular |
| particular business/industry. For example, business | | | | advantage, it should suffice to say that most business |
| owners traditionally used to go with a "corporation" due | | | | owners would benefit more greatly from the L.L.C. |
| to its familiarity and (although sometimes complex) tax | | | | formation than from any other type. (If you'd like more |
| advantages over other formation types. More often in | | | | detailed information, go to (Advantages of an LLC). |