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hello and welcome to an edition of Genesis Law Firm teaches todays topic is this one LLC or corporation which is better this is a very frequently asked question should I form an LLC a limited liability company or should I form a corporation for my new business the answer is that neither is necessarily the better option it depends upon you and what you want to accomplish with your business in this video were going to go through the high points of this discussion which is better an LLC or a corporation LLCs are the most popular and any choice available including when compared to corporations but corporations do have their advantages by the way there are many other entity types out there you could be a sole proprietor a partner you could be a limited liability partnership a limited partnership and all of these entity types have their pros and their cons by the way if you form a sole proprietorship or a partnership there are probably more cons than pros usually you wont want to choose