Is an LLC incorporated?

[jakariabd@]

Taxes — LLC members pay taxes on their business profits through their personal tax returns. CORP shareholders may be taxed twice, at the company level and at the shareholder level on their dividends, but they get certain breaks

Paperwork & Responsibilities — setting up and maintaining LLC are generally easier, and they file Articles of Organization. CORPS are more complex (unless you have a company doing it for you), they file Articles whatsapp data of Incorporation and have an annual shareholder meeting.
Raising Funds — corporate entities can raise capital by issuing shares, LLCs can’t.

Takeaway
Should you start an LLC or a Corporation? If you want a simpler business structure that combines pass-through taxation (simply paying your personal tax returns) with the limited liability of a corporation to protect your personal assets, then a Limited Liability Company is the way forward.