All throughout the month of October, we’ve been exploring LLCs vs Corporations at MyCorp – even more than we already do! The big question we keep revisiting are the LLCs vs Corporations themselves. Should a business become an LLC or corporation? Is there a “right” entity to form for your own business? We created an infographic that compares and contrasts the two together to find out.
Annual limited liability company formations currently outnumber corporate formations 2-1, making the LLC the most common choice for small business. Our infographic dives into the similarities and differences between LLCs vs Corporations. It also takes a closer look at taxation, and providers a 5 step primer to forming your own business. Check out the full length infographic below!