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Both LLCs and Corporations offer personal liability protection, referred to as the “corporate veil”. However, the LLC is considered a less formal business structure and can be easier to maintain as they have less record keeping requirements. A corporation can issue shares of stock and go public, an LLC cannot.

There is no need to hire an attorney to form your business. You can use a streamlined service like businessfilings.us for a fraction of the cost of an attorney, saving you a great deal of time, effort and money. We bundle multiple business products together into one easy-to-use assistant, and ensure your documents are submitted correctly and without error. Although we cannot offer legal advice, we can provide helpful information about the most common startup questions and help simplify the initial formation process.

LLCs, Corporations and Nonprofit Organizations can offer personal liability protection, referred to as the “corporate veil”. DBA names and Partnerships do not.

Personal liability protection, also called “the corporate veil”. An LLC protects owners from being personally accountable for business liabilities or debts. A sole proprietorship (DBA), also called a Trade name, Fictitious name, or assumed name, does not.