November 22, 2009
A corporation is a separate and distinct legal entity. This allows it to do certain things. Such as… Open bank accounts under the corporations name and not the founders name, own property and perform business transactions and such under the company’s name and not the founders or the members of the board. A corporation is [...]
Read the full article →
November 20, 2009
The differences between the two are not that noticeable , but each has their own advantages. An LLC allows partners to separate their liabilities when they go into business together and they get a discount tax rate. So if one partner goes down for bad practices they all don’t go down. (hence Limited Liability Company) [...]
Read the full article →