The two common choices are either a Limited Liability Company, or LLC, or a corporation. A corporation is a good choice for a company that is going to get venture capital financing or wants to set up ...

The LLC arose from business owners' desire to adopt a business structure permitting them to operate like a traditional partnership. Their goal was to distribute income to the partners (who ...

Sometimes a limited liability company, or LLC, has a year with no business activity. For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become ...