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| Incorporation a Corporation in the USA. |
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| Corporation (Inc.)
In the US, a Corporation may issue shares of stock to attract investors and income splitting may help lower tax liability. However, there may be liability for the taxation of both corporate profits and shareholder dividends. There is a greater administrative burden compared to a Limited Liability Company (LLC) in having to hold annual meetings and record minutes.
There are a number of different types of Corporations and a discussion with an attorney with reasonable rates and fixed fees is recommended. It would be generally true to say that lawyers and accountants make more money from an "Inc." than an LLC. Migration from an LLC to an Inc is a straightforward process whereas winding up an Inc. has greater financial implications.
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