When choosing between an LLC and a Corporation, several crucial factors merit consideration:
1. If your priority is liability protection and flexibility, such as minimal administrative upkeep and tax flexibility, opting for an LLC is an excellent decision, particularly for new businesses. LLCs are generally regarded as easier to manage.
2. On the other hand, if your business involves investors or shareholders, you intend to raise capital, or you have plans to take your company public, a C Corporation is an optimal choice. Venture capital investments from US investors often necessitate the structure of a C Corporation.