As a business owner, I have often found myself caught in a web of decisions, trying to make the right choice for my company’s future. One of the most crucial decisions I faced was whether to establish my business as a Limited Liability Company (LLC) or a Corporation. The pros and cons of each entity type are like two sides of a coin, each offering unique advantages and disadvantages. But what factors should one consider when making this decision? How do LLCs and Corporations differ in terms of liability protection, taxation considerations, management and governance, formation and maintenance requirements, and flexibility and scalability? In this discussion, we will explore these aspects and help you navigate the path towards making the right choice for your business. Read More