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Nevada Registered Agent Service™ The
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What is the difference between an LLC and a
Corporation?
Last updated Sunday, April 7, 2024
The main difference
between an LLC and a corporation is that an LLC is owned by one or more
individuals, and a corporation is owned by its shareholders. Both entities
offer tremendous benefits to your business. Incorporating a business allows you
to establish credibility and professionalism. It also provides limited
liability protection.
Corporations have
been in existence since the start of U.S. history. Because of this, a
corporation as an entity has matured and developed to the point where the laws
have become uniform. United States courts have centuries of law history cases
to help resolve disputes and issues related to corporations. This creates
significant legal stability for corporations.
Limited Liability
Companies are still considered to be relatively new. Their entity was first
recognized in the 1970s as the offspring of both the corporate and sole
proprietorship/partnership form. Due to this dual nature, an LLC takes on the
characteristics of both legal entities. However, as a result of being a new
legal entity and having characteristics of both a corporation and partnership,
states differ in their treatment of LLCs.
Nevada
Commercial Registered Agent
Entity # E0502742015-6
NV Business ID NV20151637034
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© 2024 Marc Gohres
Revised April 7, 2024 10:24 AM
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