It is important to consider the following:
1. Corporations and LLCs are both separate legal entities (business structures) that enjoy certain protections under the law and important benefits. Most people form a legal business structure to safeguard their personal assets.
2. Incorporating or forming an LLC allows you to conduct your business without worrying that you might lose your home, car, or personal savings because of a business liability.
The chart below can help you in your decision-making:
If you need assistance to form your own business, contact me HERE and I can show you The 6 Step to be financially independent using the debt to your favor and in the mean time have your assets grow.