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Inc and LLC
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Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01160070
Message ID:
01160089
Views:
8
Hi Fernando,

Both are corporations -- in fact, I believe that in most states, an LLC may also use the "Inc." extension on their corporate name.

An LLC has some distinct benefits when you form your corporation over a standard "C" or even an "S" corporation here in the USA. There are also a few (very few, IMHO) qualifiers which might not allow you to choose an LLC, depending upon the type of business you have or wish to have in the future.

For an *excellent* description of the pros and cons, go to:

http://www.corporate.com

which is the web site of The Company Corporation, whom we've used several times to form our corporate entities. Their explanations of each type of company are solid and well worded.

HTH.



>So far I know (at least I think..) that LLC means Limited Liability Company and Inc means Incorporated.
>
>Is that correct? What is the diference betwen them, and what makes people choose between a LLC or an Inc when starting a new enterprise?
Evan Pauley, MCP
Positronic Technology Systems LLC
Knoxville, TN

If a vegetarian eats vegetables, what does a humanitarian eat?
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