You could argue that it’s easier for an individual to become part of a corporation by becoming one of its shareholders. And in that way a corporation can grow financially.
With an LLC, you can’t issue shares for shareholders. You don’t have shareholders. Instead of relying on shareholders, you need to attract outsiders who can invest in your company by becoming co-owner or contributing members.
Which one gives you the biggest break on taxes. I think we all know the answer to that one. Although it may seem that corporations or LLCs are getting breaks on taxes, you’ll pay somewhere. No business entities escape paying taxes.
For a definitive answer on which type of entity is best for you, consult a person who is an expert in taxes for businesses.
An LLC has been the most common type of business entity established in the US for the past 20 years. But the primary reason for choosing this type of entity, instead of forming corporations, is to protect assets.