What is the difference between an LLC and a Corporation?

The owners of an LLC are called “members,” and instead of shares, each member owns a designated percentage of the company, sometimes called a “membership interest.” Memberships in an LLC may be more difficult to transfer than shares in a corporation. An LLC’s operating agreement will typically specify whether and how membership interests can be transferred. In some states, if a member leaves an LLC and the operating agreement does not specify otherwise, the LLC must be dissolved.

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1. What is the difference between an LLC and a Corporation?
2. Why can’t I use my P.O. Box for the Business Location?
3. I don’t have any employees, do I still need to fill out the Private Employer Affidavit?
4. How do I register my business as a DBA?
5. Do I need a state license for my business as well?
6. How much will my Business License cost?
7. Who is exempt from paying the Occupational Tax?
8. How do I change the name, location, or ownership of my business?
9. When do I renew my license?
10. My business has closed. What do I do?