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Assuming you refer to a C-corporation, the major difference is the tax treatment of revenue/expenses and profit.
The C-corporation is taxed at corporate tax rates whereas the LLC passes to its Managing Members all of its profits. The individual Managing Member is taxed at personal tax rates.
There may or may not be other advantages of one over the other; for example, liability.
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What are the benefits to be a nonprofit LLC vs nonprofit corporation for getting 501c3 status?
The benefit to getting 501c3 status is the ability to accept charitable contributions. I am not familiar with a nonprofit LLC. There has been a movement in the past few years to create a hybrid of for profit and non profits called an L3C, low profit limited liability corporation.
The florentine vs venetian approach to reporting?
ruor
What is a fiduciary lender?
fidicuary vs non fidicuary?
Fidelity Investments vs. Fidelity National Financial?
Unrelated
What does credit evaluation mean?
Your credit vs debt ratio is analyzed. This is the evaluation.
What is the difference between LLC vs Inc?
Inc. refers to an entity being a corporation while LLC means limited liability company. The difference is in the structure of the companies. A corporation also offers limited liability, but it differs from a corporation in structure and the regulations it must follow.
What are the benefits to be a nonprofit LLC vs nonprofit corporation for getting 501c3 status?
The benefit to getting 501c3 status is the ability to accept charitable contributions. I am not familiar with a nonprofit LLC. There has been a movement in the past few years to create a hybrid of for profit and non profits called an L3C, low profit limited liability corporation.
What is the benefit of C corp vs LLC?
Both C Corporations and LLCs are corporate structures, yet they have a lot that differs between them. An LLC is often more appropriate for a small business, while a C Corporation is more appropriate for a medium or large business.
What is the difference in S-Corps and LLC?
An LLC is better than an S corporation under some circumstances. In other circumstances, an S corporation is the better choice. In fact an LLC can elect to be treated as an S corporation, if it meets the statutory requirements for an S corporation. An S corporation has more restrictions that a limited liability company: * It must not have more than 100 shareholders. * Its shareholders must be U.S. citizens or U.S. residents, and they must be generally be individuals (with some very limited exceptions). * It must have only one class of stock. * Its profits and losses must be allocated to shareholders proportionately to each shareholder's interest in the business. For a growing business, an S corporation offers much less flexibility. But there are some areas, such as FICA taxes which are payable on the income of members of an LLC but not on profits of an S corporation, that favor an S corporation.
Which big corporation lost the VHS vs betamax battle but won the blu-ray vs hd DVD war?
Sony
Can taxes be capitalize in accounting?
No. But in Corporation tax there is the entirety of FAS 109...and deferred VS current tax to be recorded.
Why did BMW decide to become a corporation?
Corporations provide many benefits in terms of liability and taxation vs. a sole proprietorship.
Geraldine Taylor VS Management and Training Corporation?
When was the lawsuit filed against MTC-Gary Job corps Center by Geraldine Taylor
What is a LLC?
LLC stands for "limited liability company." The LLC is a relatively type of new business entity in the United States. Its owners have limited liability for the entity's debts and obligations, similar to the status of shareholders in a corporation, but its income and losses are normally passed through to the owners as if it were a partnership.
Explain the case of Charitable Corporation v Sutton?
1742 court decision held that the director of a company has duties he is bound to re the company in the same manner that a trustee is bound to duties with respect things held in trust. (go to www.Charitable Corporation vs Sutton)
How do you make entry if owner draws money from company?
If the owner intends to pay back the money: Dr. Accounts Receivable and Cr. Cash. If the owner does not intend to pay it back but the company owes the owner money: Dr. Loan/P to Owner and Cr. Cash If the owner does not intend to pay it back and the company does not owe the owner money: Dr. Retained Earnings and Cr. Cash This would either be considered a dividend or a distribution, depending on the structure of the company (corporation vs. partnership vs. LLC vs. sole proprietorship) Alternately, it could be treated as Net Pay. In that case, you would "gross-up" the amount charged to Salary Expense as a Debit and Credit Payroll Taxes Payable and Credit Cash for the amount taken.
Give an example of a patent that is invalid?
A patent that was invalidated is the 1964 ENIAC computer patent that was acquired by Sperry Rand Corporation and invalidated by the court case 1967 Honeywell vs. Sperry Rand.
