Decide whether to form an LLC or a corporation -- the most important decision you'll make for your businessYour company has grown -- now it's time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability company.The question is, "Which one?" The answer isn't always clear -- but because your choice will affect the legal and tax status of your business, it's the most important question you'll need to answer."LLC or Corporation? "will help you make the right choice with plain-English explanations of: . the basics of business entities . how each business entity protects you from personal liability . profits, losses and tax treatment . converting from one type of business entity to another . what to do if you conduct business out of stateMaking...
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