LLC or C-corporation – Which one an entrepreneur should choose?

LLC or C-corporation – Which one an entrepreneur should choose?

LLC or C-corporation – Which one an entrepreneur should choose?

It is a good idea for entrepreneurs to incorporate their business as an LLC or C-corporation to minimize liability and divide up equity among the members. Research the items below and prepare a paper on what is needed to set up a corporate structure for your business. What steps do you need to take to set up an LLC or a C-corporation in your state? How much will it cost to incorporate? How long will it take to incorporate? When you earn revenue as a business you will be required to pay federal taxes quarterly? How will you determine how much you owe? How can you pay your quarterly taxes? What steps do you need to take to register your LLC as a foreign LLC if you conduct business in another state? Requirements: Write a 4 page paper in APA format. Make sure to cite any sources used in the research.

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