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Return To Incorporation FAQ Archive   Search the Archives What is the difference between a corporation and an LLC? Answered By Ivan Welten The main distinction between a corporation and an LLC is the mode of taxation. In a business corporation generally, a corporation pertains to a federal level taxation and the business profits are shared with the shareholders. The profits are subsequently converted as income taxes in the owners' individual taxes. There is only one level of taxation in LLC, not two. Moreover, compared to corporations, an LLC requires much lesser record-keeping and that its Articles of Organization is simpler. keywords: Incorporation | Incorporate | Incorporating | Business | LLC | Limited Liability | Corporation Certificate Of Incorporation

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