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Corporation vs. LLC
Forming a corporation or an LLC (Limited Liability Company) offers many similar benefits, but there are several key differences that are important to understand and consider in choosing the right structure for your specific business activity. This guide to C Corporporation vs. LLC will help you decide if a C Corporation or an LLC is the right business type for you.
Whether you choose to form a corporation or an LLC in Wyoming, Registered Agents of Wyoming LLC can help you complete the process saving you both time and money with service that is fast, reliable and affordable. And remember, our services are backed by a 30 Day Money Back Guarantee. We make everything easy for you so that you can focus on what you do best – running your business!
Incorporate a business online or Call us to place your order by phone: Toll-Free 1-877-239-2608
Compare a C Corporation to an LLC:
Key Similarities
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Limited Personal Liability
Both structures may limit liability to the amount members or shareholders invest in the company. Personal assets, including homes, cars, savings and investments, may be protected from the liabilities and risks of the business.
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Ability to Raise Capital
Both structures allow a business to borrow money and sell equity to raise capital.
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Unlimited Duration
Both structures continue indefinitely, unless they are dissolved.
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Number of Owners
There is no limitation ot the number of owners for a C corporation or LLC.
Key Differences
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Tax Flexibility and Profit Distribution
An LLC offers the ability to allocate profits and losses among the members as is agreed by the members, while in corporations, dividends may only be paid pro rata according to share ownership. The IRS allows for special allocations for LLCs and Registered Agents of Wyoming, LLC recommends consulting your accountant or tax advisor to learn more about this option.
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Structure & Corporate Formalities
An LLC generally requires less formalities than a corporation. An LLC may be managed directly by the members; there is no need to have a separate board of directors or annual shareholder meetings and periodic directors meetings with minutes. For many, the convenience and simplicity of forming a single-member LLC that is managed by the member provides the limited liability protection without adding a lot of bureaucracy.
Our fees for incorporation start at $275. including state filing fees
This is substantially lower when compared to other Registered Agent companies. Our experienced staff of business formation experts are ready to make your corporation formation FAST, RELIABLE, AFFORDABLE and is backed by a 30 Day Money Back Guarantee.
Incorporate a business online or Call us to place your order by phone: Toll-Free 1-877-239-2608
Got questions?
Email us at agents@mywyomingllc.com or call toll free today (877) 239-2608