Name: Why you should form an LLC instead of a corporation?
Uploaded: 2016-07-07T06:35:53.000Z
Duration: 2 min 3 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of frequency

Modal verbs - A2

who are unfamiliar with the incorporation process. "Should I form a corporation or should

but if you're not sure what we usually say is you should form an LLC.

The reason is, you can do almost anything with an LLC that you can do with a

corporation, but the same is not true if you form a corporation.

With an LLC,  you can use it to hold land, use  it to hold boats, airplanes passive

Whether that's a construction firm, a consulting firm,

anything you can imagine, you can do it with an LLC. It starts out being taxed

as a partnership, which is a very flexible, easy way of doing your taxes.

You also have the option under the IRS "check- the-box-regulations," if you want

or a C-corp, I say you can have your cake and eat it too. You get the asset

protection of an LLC, which not only has protection from

creditors of the business, but also provides the business some protection from your

personal creditors, which is not true in a corporation.

If you start your businesses as an LLC and later decide you prefer to have a

corporation, you can convert that entity over to a corporation.

So therefore, if you're not sure about a corporation or an LLC we would suggest

An LLC is flexible, its run by its members who can appoint managers, it

doesn't have all those "dance steps," of a corporation, where the stockholders have

to elect directors, appoint  officers every year.

At IncNow.com we can do this very quickly, efficiently, and affordably.

So if you're unsure between an LLC or a corporation,