-
julienneviuya replied to the topic Types of Corporations in the forum Business 101 8 years, 3 months ago
I would agree with bb254 in saying that I would also choose a limited liability company (LLC). There would be more flexibility in splitting profits, and also in splitting liabilities. If the company were to come into losses, they could also be shared among owners. The taxes for an LLC are simple in comparison to most other corporations. However, there is a setback of having a lot of book-keeping, especially in the early days of the company.