differnce between llc and inc
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Limited Liability Companies (LLCs) and Incorporated (Inc) entities differ in their structure and liability protection. LLCs provide flexibility, allowing members to manage the company directly or appoint managers. They offer pass-through taxation, where profits and losses pass to individual members. differnce between llc and inc In contrast, Inc entities follow a more rigid corporate structure with a board of directors and shareholders. They issue stock and may have more complex administrative requirements. While both provide limited liability protection, LLCs are known for their simplicity and flexibility, making them suitable for small businesses, while Inc structures are often chosen for larger, publicly traded companies.