The business structure you choose affects and  influences your company’s future, from day to day operations, to taxes and how much of your personal assets are at risk . The way your business is structured determines how much legal responsibility you, as an owner, bear in a lawsuit, and the perception of your business in the eyes of the court.  

       LLCs and Corporations are the most common types of businesses. You can form either type by filling documents of businesses with the secretary of State. Both offer limited liability protection, which means that in most cases, the owner is not personally liable for the company’s debts or legal obligations . 

         Corporations are often seen as more established and come with strict legal requirements (procedural rules, security law compliance, tax filings etc.). They are often chosen by larger businesses due to their structure which serves to minimize personal risks by creating a legal separation between the corporation and shareholders/owners. 

         LLCs, on the other hand, blends elements of both partnerships and corporations by incorporating limited liability and pass through taxation. This structure is particularly appealing to small / medium- sized businesses due to its flexible management structure and its various tax options.