LLCs and corporations both provide limited liability protection for their owners. This book explains the differences between the two and will help you make the best choice for your business. Whether you're starting a new business or growing an existing one, your choice of legal and tax structure for the business is critical. LLC or Corporation? explains: the basics of the major business entities (sole-proprietorships, partnerships, LLCs, and corporations) how profits and losses are taxed in all business entities how corporate and personal tax rates play into the choice between LLCs and corporations why sole proprietorships and partnerships are usually a poor choice how to avoid being personally liable for business debts how to form each type of business entity how to convert from one business entity to another Making the right choice will affect your bottom line in many ways -- from what you pay in taxes to your ability to seek money from investors. LLC or Corporation? is packed with practical examples to help you make the best choice for your company. This edition has been thoroughly updated with information on the latest corporate tax rate and new resources for business owners.