Monday, August 8, 2011

Opening a small, 12 seat, sandwich shop in nc. should i LLC? or Corporation? whats the difference?

Just make it an LLC. Corporations are typically for larger companies when you want to sell stock to the public or have more owners. For a smaller business LLC's are just easier (and there is a tax advantage - no dividends so no double taxation of dividends but this probably wouldn't matter for your situation anyhow).

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