LLC vs INC - What is the Difference between an LLC and Inc? Which Business Structure to Choose?

When you&ready to incorporate, you may have some questions and are looking for the easiest way to do so. And you&probably wondering which is best for your business – LLC or Inc. We&break it all down for you to make it easier to make the best choice for you. 00:00 Introduction 00:41 Differences between an LLC and a corporation 01:15 What is an LLC 02:04 What is a Corporation (Inc) 03:30 Comparison between LLCs and. Inc.'s 06:13 Who should form an LLC? 06:27 Who should form an Inc.? You should form an LLC when you want a low-cost way to start your business. It&a quick road to a formal business structure, has easy compliance, and is perfect for those who want a private business with no investors. When you want to bring on investors, you need a C or S-Corp. Well that’s it for today, thanks for watching. #simplifyLLC SimplifyLLC is an independent publication that provides free guides for small business owners. If you’re looking for business ideas and do-it-yourself guides on forming and operating an LLC, then SimplifyLLC is your go-to resource for simple, legal jargon-free information.