Incorporating is essential for preserving your personal assets from any liability. Answer a few questions in 3 minutes or less to find out whether you should form an LLC or a Corporation.
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Before we get started, what is your email?
So we can answer any of your questions after the quiz is complete
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Do you plan on raising outside investment from venture capitalists or angel investors?
Choose as many as you like
A
Yes
B
No
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Do you plan on creating a Stock Option Plan?
Stock Option Plans gives a company the flexibility to award stock options to employees, allowing these people to buy stock in the company when they exercise the option. It is a popular method for attracting and retaining employees.
Choose as many as you like
A
Yes
B
No
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Do you wish for taxes to be paid on personal tax returns?
LLCs allows the business owner to record profits and losses on their personal taxes. Whereas corporations may be taxed on the corporate level as well as personal.
Choose as many as you like
A
Yes
B
No
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Do you wish to hold different types of stock interests (including preferred and common stock), which allow for different levels of dividends?
Venture capitalists are attracted to the prospect of dividends if the corporation makes a profit.
Choose as many as you like
A
Yes
B
No
OK
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Are you looking to form an entity that doesn’t require much maintenance?
Corporations are required to hold annual meetings of directors and shareholders and keep detailed documents and records for all corporate meetings and major business decisions, LLCs do not face strict ongoing meeting and documentation requirements.
Choose as many as you like
A
Yes
B
No
OK
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Do you believe your company will grow to be a big business and potentially go public one day?
Choose as many as you like
A
Yes
B
No
OK
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These quiz results are based on generalities and are not a substitute for attorney advice. It’s recommended you speak with a lawyer to discuss your unique circumstances.
Feeling confident? File your LLC for just $100 + filing fees.
These quiz results are based on generalities and are not a substitute for attorney advice. It’s recommended you speak with a lawyer to discuss your unique circumstances.
Feeling confident? Form your corporation for only $100 + filing fees.