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- [Presenter] A corporation is a type of formal business structure that is more complicated than an LLC, but offers benefits that LLCs do not. Corporations are great if youre looking to raise money from venture capital, or looking to list on a stock exchange. Corporations are also able to more efficiently carry money over between tax years. Since 1971, when Congress divided Alaska into 12 geographic regions and Alaskan natives organized a regional corporation for each region, these corporations have been a huge component of the Alaskan economy. If you are starting a business and not sure which business structure is best for you, check out our other video, Choosing the Right Business Structure for Your Business, linked below. There are two ways to form a corporation, you can form one yourself, or you can hire a service to do it for you. In this video, we will look at both options and help you decide how to go about forming your own corporation. (gentle music) Remember, this video is