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LLC or Incorporate ? what fits bakeries better?

post #1 of 3
Thread Starter 
any suggestions on which way to go as far as LLC or Incorporate. I read a lot that says they are very similar but when it comes to taxes, yearly paperwork (shareholders, minutes) LLC is better. What do you all think with your experiences?
post #2 of 3
Usually LLCs are the best bet for a small business, they are easier to set up and run than an S-corporation or C-corporation. Once you set up your LLC it will be taxed as a sole prop by default (or a partnership for multi-member LLCs), but you can ask the IRS to tax your LLC as an S-corp or C-corp if you'd prefer.
post #3 of 3
Thread Starter 
Thanks
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