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- [Instructor] 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. South Dakota has the lowest cost of doing business in the country and the fifth lowest unemployment insurance rates, making this a friendly business environment. If youre 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. (light music) Remember, this video is not legal advice. If youre unsure of whether your
