Corporations are the oldest of business entities. Like the other business entities that we have talked about, they are relatively easy to form. They can satisfy some objectives and not others. There’s some tax considerations and long-term goal considerations in determining whether a C- corporation is appropriate. I’d highly recommend that you not knee- jerk into a corporation (or an S corporation which will cover next) without holistically evaluating the situation with the advice and counsel of CPA and business attorney.
As is the common theme throughout these videos, there are other options that are available that may make more sense depending on your vision, needs and goals.
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