A business attorney explains when to use an LLC versus a corporation. LLCs offer personal asset protection and are easier to maintain. Corporations make sense if you plan to raise outside capital or go public.
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Hey guys, as a business attorney, one of the most common questions I get is, what type of business entity should I register, if any at all? So obviously, a sole proprietorship is not a business entity. I only recommend a sole proprietorship in the initial stages of starting your business. The second most popular entity would be an LLC. The main benefit of this is that it separates you from your business. So if your business gets sued, they're not going to be able to go after your assets personally. An LLC is a great entity. It's probably one of the most popular entities, and it's very easy to maintain. The second entity would be a corporation. Corporations are great entities if you plan on raising money from outside investors or going public. Thanks, and follow me for more tips.