| |  | Call Us: 877-7SUNBIZ | | |  | | | | | | Advantages of Forming a Corporation
An important advantage of forming a Corporation is the protection of owners from personal liability for business debts and claims. Corporate assets are used to pay off business debts not personal assets; shareholders stand to lose only the money that they've invested in the corporation.
Conversely, sole proprietorships and general partnerships provide no limited liability protection for their owners. This makes owners of sole proprietorships and partnerships personally liable for all business-related debts, claims and obligations. | | | |
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Advantages of Forming an LLC
LLCs are fast becoming the entity of choice for Entrepreneurs. An important advantage of forming an LLC is the protection of owners from personal liability for business debts and claims. LLC assets are used to pay off business debts not personal assets; LLC owners stand to lose only the money that they've invested in the LLC.
Conversely, sole proprietorships and general partnerships provide no limited liability protection for their owners. This makes owners of sole proprietorships and partnerships personally liable for all business-related debts, claims and obligations. | | |
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