BUS670-Week 1-Discussion 2 - Week 1-Discussion 2 When to...

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Week 1-Discussion 2 When to form an LLC (Limited Liability Company) discusses why the LLC is one of the most popular types of business entity. After reading the article and Chapter 30 of the textbook, compare an LLC with a C corporation and with an S corporation. If you were operating your own business, would you choose the LLC as the organizational form for your business? Explain your reasoning. After reading the article and Chapter 30 of the textbook, compare an LLC with a C corporation and with an S corporation. After reading the article and Chapter of the textbook, an LLC is the easiest and most popular option when it comes to forming a corporation. The qualifications to form an LLC are very minimal, including the paperwork needed to file for this type of corporation. Another perk to forming an LLC is that the business losses can be deducted from other income, which can be a huge help. The S Corporation has regulations when it comes to being eligible for this type of organizational form.

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