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"LLC vs Inc: Which Is Better?"

Whether you choose to set up your business as a limited liability company (LLC) or corporation (Inc), formal registration can be an onerous task.

Before deciding on your business setup, it is important to consider which type of business entity will best suit the needs of your organization.

Your chosen business structure will determine the legal formalities you must comply with.

A business cannot be both an LLC and a corporation. However, it is possible to change the designation of your business by completing the appropriate government paperwork.

You might choose to do this if your business is undergoing growth or significant change.

In this article, you can find out about the key differences between LLCs and corporations. Armed with this knowledge, you can make an informed decision about which business setup option will work best for your company.

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