top of page
Open For Business

Corporations/LLC

A corporation is a legal entity separate from its owners. Two of the most common types of corporations are S Corp and C Corp. There are several advantages of forming a corporation. Incorporating offers liability protection, which means that owners of a corporation are generally not personally responsible for business obligations like debts or lawsuits. Incorporation also allows for the addition of shareholders and the ability to raise money from outside investors.

A limited liability company (LLC) is also a business entity, similar to a corporation. An LLC owner is generally not personally liable for the business's debts and lawsuits. Another advantage of an LLC is it allows the business to operate more easily than a corporation with simpler state and tax requirements. Having an LLC can also help you open bank accounts, enter into contracts, hire employees, and get necessary business licenses and permits.

bottom of page