To make it simple for you, an LLC and a Corporation will act almost the same for 95% of people that own them. The big difference is that corporations have shareholders and LLCs have members that own a % of the interest. Technical things that basically are the same.ld a shareholder meeting, the shareholders elect the directors, and then the directors election the officers such as President, Secretary, Treasurer.
LLCs can be formed very simply. You can make the LLC member managed, and basically if you’re the only member, there’s not much of any internal paperwork you need to worry about.
A lot of people call an LLC a Limited liability Corporation. There actually is no such name in America. Only in other Countries. An LLC is a “Company” and a Corporation is incorporated. Technical boring details, and at the end of the day, if you just call it an LLC you won’t have to worry about getting it right!
We form LLCs every day, and would love to help you establish your new LLC online.