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SHOULD MY BUSINESS BE A CORPORATION
OR A LIMITED LIABILITY COMPANY?

1.

Which entity protects its owners from personal liability for business debts and lawsuits?

CORP    LLC BOTH

2.

Which entity pays higher California income taxes?

CORP    LLC BOTH

3.

Which entity can I control with less than 50% ownership?

CORP    LLC BOTH

4.

Which entity should generally not hold appreciated real property?

CORP    LLC BOTH

5.

Which entity requires no annual minutes and has no officers or directors?

CORP    LLC BOTH

6.

Which entity can deduct reasonable and necessary business expenses?

CORP    LLC BOTH

7.

Which entity’s net earnings are not subject to self-employment taxes?

CORP    LLC BOTH

8.

Which entity’s net earnings are income-taxed to its owners?

CORP    LLC BOTH