Are you making these LLC mistakes? π² Watch

If you're planning to raise capital or get bank loans, skip the LLC. Investors want shares, which corporations have but LLCs don't. Banks also prefer lending to corporations.
Chapters
Business Tips Part 15 of 30. Here are 2 reasons why you should not have an LLC. The first is that investors generally don't like investing in LLCs. They prefer corporations. So if you plan on raising money for your business, I do not recommend an LLC because it does not have shares. Corporations have shares, and that is one of the main reasons why investors prefer to invest in corporations rather than LLCs. And the second reason why you might want to consider having a corporation over an LLC is because banks are sometimes more willing to give loans to corporations. Follow me for more business tips to help you succeed in growing your business.
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