Inc. stands for "Incorporated" and is a corporation structure regulated by federal laws. LLC means "Limited Liability Company" and is governed by state laws, offering liability protection and flexibility.
The “Inc.” or “Corp.” at the end of a business grants a degree of prestige and authority that “LLC” may not. Corporations have also been around much longer, which gives them years of legal precedence—making it easier to anticipate how legal changes and cases will play out in the...
LLC vs. corporation FAQ Start your online business today. For free.Start free trial When you start a new business, the way you choose to structure it legally has far-reaching implications on how you will run, grow, and pay taxes as a business owner. Two of the most common types of bus...
It can be painful to see a big chunk of your company’s profits being eaten up by taxes. Although most small business owners realize that income tax is a necessary evil, they would love to findsmall business tax deductionsand other ways to cut down their tax bill. Fortunately, this is p...
An LLC is a different business structure from a corporation but with the limited personal liability protection of a corporation. As clarified in our comprehensive LLC vs Inc comparison, these two structures differ in many aspects right from formation, ownership, taxation, asset protection capability ...
LLC vs. sole proprietorship: Quick facts An LLC may be better for you if you value: Limited personal liability: Because an LLC exists as a separate business entity, it's an excellent choice in any situation where you may face lawsuits, such as selling products, maintaining a physical locatio...
So, LLC vs Inc.; which is best for you? Be sure to read more about theBenefits of a Delaware LLCand theBenefits of a Delaware Corporation. If you would like more information on either a Delaware corporation or LLC, please feel free to contact the experienced business formation specialists ...
Looking for Incfile? We're still here, but with a new name. Learn more What makes us different? 5 major benefits that set us apart. Learn more Skip to contentBusiness Formation Form a Business Form an LLC Form an S Corporation Form a C Corporation Form a Nonprofit Services Virtual...
Inc vs LLC: How will you know which entity to incorporate a business as? Ultimately, deciding which entity aligns the most with your goals is an important first step to take on the way to forming your business. You can learn more about the differences between the entity types by viewing...
Related:LLC vs. Inc (corporation) Heightened credibility:Starting an LLC may help a new business establish credibility more than if the business is operated as a sole proprietorship or partnership. Limited compliance requirements:LLCs face fewer state-imposed compliance requirements and ongoing for...