Is an LLC a Corporation (What’s the difference?)

Is an LLC a Corporation?

As a new business owner, chances are pretty good everyone and their brother has lined up to give you a piece of advice.

Don’t form an LLC, you want to form a corporation instead. Corporations are to complex, go with an LLC instead.

Sound familiar?

While all this advice can be helpful, it can also be confusing. One of the biggest questions new business owners and aspiring business owners email me at sam@mollaeilaw.com and ask is: is an LLC a corporation?

The answer is no. An LLC and a corporation are two different types of business entities.

It is up to you to look at the pros and cons of an LLC vs a corporation and decide which one is right for your business venture.

 

LLC vs. Corporation: What’s the Difference?

Apart from a sole proprietor, all other business organizations must register as a specific type of business such as a corporation, LLC, or partnership in the state the business is located in. As a new business owner trying to decide which one is right for you can be hard!