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    2 Replies Latest reply on Dec 10, 2008 6:17 PM by SweetHome

    Corporation Vs LLC

    SweetHome Wayfarer
      Which one is better for an independent first time start=up business?
        • Re: Corporation Vs LLC
          banistersmind Newbie
          From what I understand of both entities, a corporation requires that you have shareholders in your company, that you hold regular shareholder meetings (usually annually) and that you report to both the stock exchange and your shareholders in the form of an annual report. An LLC on the other hand does not require such reporting mechanisms or shareholder input giving you greater control over your enterprise.

          There are a few articles floating around out there that specify the differences in greater detail than I have here. A quick google should yield plenty of relevant information.