Incorporated Vs Limited Liability Company (Infographic)

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If you want to start a business with some partners, you are probably wondering under which structure you should register your company. So to complement your research, I am sharing with you this beautiful infographic that summarizes the differences between an incorporated company and a limited liability company. This illustration has been designed for BobbyFinance by Jordan Greer from BeerBaconAndBusiness.com. The main topics include differences in terms of:

  • Management and ownership
  • Legal entity
  • Taxation structure
  • Paperwork
  • Regulation

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LLC-vs-INC

 

Author Bio: Jordan is a 28 year old entrepreneur and a former Business Developer. With an insatiable appetite for the good life, keeps himself current on topics related to technology, gaming and his first love, food. He shares his views in his blog posts hoping to provide valuable information to entrepreneurs like himself who wish to establish a successful business.

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