LLC or Corporation?: How to Choose the Right Form for Your Business

Front Cover
Nolo, Nov 12, 2010 - Business & Economics - 308 pages
1 Review
Decide whether to form an LLC or a corporation -- the most important business decision you'll make.

Your company has grown -- now it's time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability company.

The question is, "Which one?" The answer isn't always clear -- but because your choice will affect the legal and tax status of your business, it's the most important question you'll need to answer.

LLC or Corporation? will help you make the right choice with plain-English explanations of:

  • the basics of business entities
  • how each business entity protects you from personal liability
  • profits, losses and tax treatment
  • converting from one type of business entity to another
  • what to do if you conduct business out of state

    Making the right choice will affect your bottom line in many ways -- from what you pay in taxes to your ability to seek money from investors. The book also provides conversion and formation scenarios that provide a real-world look at all the options available to you.

    The 4th edition has been thoroughly and usefully updated with the latest resources for business owners, an expanded discussion on choosing the right form for your business and completely updated information regarding the tax status of small business entities.

    What people are saying - Write a review

    We haven't found any reviews in the usual places.


    2 Personal Liability Concerns
    3 Forming and Running Your Business
    Taxes Profits Losses and Investments
    5 Doing Business Out of State
    6 Converting a Sole Proprietorship to Another Entity
    7 Converting a Partnership to Another Entity
    8 Converting an LLC to Another Entity
    9 Converting Dissolving and Selling a Corporation
    10 Business Choice and Conversion Scenarios
    State Website Information
    Related Products

    Other editions - View all

    Common terms and phrases

    About the author (2010)

    Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, writes books and software in the fields of corporate and LLC law, and studies advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies, most recently working on a C++ open-source integrated circuit database project team. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation?. He wrote and programmed Nolo's LLC Maker and Incorporator Pro software programs, which generate state-by-state articles and other forms for organizing corporations and LLCs. His books and software have shown over a quarter of a million businesses and organizations how to form a corporation or LLC. He also is a licensed helicopter pilot and has performed for years as a guitarist in many musical idioms.

    Bibliographic information