I Was Quoted In An Article

. . . on the MyCorporation blog regarding LLCs vs. Corporations.  I was one of the experts weighing in on this issue.

While it may seem pedestrian to practitioners, considering the amount of ink spilled over this issue, it is an ongoing item of concern for entrepreneurs.

Here is my excellent contribution:

“7. “The short answer is “it depends.” However, I have found that an LLC will often provide more flexibility in terms of division of rights and responsibilities from the default rules in many business entity statutes. There is more flexibility in terms of pass-through tax treatment with LLCs vs. corporations, even with a Subchapter S election.”

– Doug Berman, Corporate Attorney, Law Office of Douglas M. Berman

Sage advice, indeed.