Q: WHAT ARE Advantage/Disadvantages for LLC AND CORPORATION,I'LL BE THE ONLY MEMBER?
I WANNA START A NEW SMALL BUSINESS OF MINE AND I WANNA AVOID ANY FINANCIAL IMPACT ON MY OWN ASSETS, A FRIEND RECOMMEND "LLC" OR "CORP." AS A STRUCTURE FOR MY COMPANY. I WANNA KNOW WHICH IS BETTER TO MAKE ME A SEPARATE ENTITY FROM THE BUSINESS A ND AT THE SAME TIME OF "LESS HASSLE" WHEN IT COMES TO FILE ITS TAXES
THANK YOU IN ADVANCE
A: The answer on your question would depend on the type of business you have and how you intend to operate it. In general a corporation is better
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