- November 20, 2017
Choosing the best route between an LLC, a Corporation, and an S Corp to form your company will depend on a few factors:
- company size
- is the company providing a product or a service
- will the company stay domestic or international
- is the company open to investors, buying and selling stocks, or open to shareholders
Companies that choose to form as a corporation are typically larger, publicly traded companies that attract investors who prefer to be taxed less. Companies that take the s corp route tend to be selling a good or a product, with employees or independent contractors. LLCs are appealing to the smaller business where the owner is providing a service such as graphic design or cleaning services. Corporations, s corps and LLCs each present advantages and disadvantages in terms of taxation and federal and state regulations and licenses.
If you have questions about starting an company or need an attorney, contact Stenger, Glass, Hagstrom, Lindars & Iuele LLP today. We have two convenient Dutchess County, NY office locations in Poughkeepsie, NY and Wappingers Falls, NY.