Why Should I Form an LLC or Corporation? People often ask why they should consider creating an LLC or corporation for their business. Of course, every business is different, but here are some general factors that U.S.-based entrepreneurs should consider. The primary reason why businesses organize themselves as LLCs or corporations is to minimize liability. If you are operating a business, and it’s not a corporation or an LLC, then you are either a sole proprietor (if it’s a one-person business) or a partnership (if more than one person is an owner). These are the default modes. Sole proprietor or…
