Compared to the C corporation, the limited liability company is an attractive form of business ownership because Multiple Choice once formed, the limited liability company has fewer requirements, and has the option to avoid double taxation. even though it is a little more expensive to form, it has a longer life than the C corporation. a limited liability company permits one owner to own all the stock of the company, whereas a C corporation requires several owners. once formed, the limited liability company is a legal form of business ownership worldwide, whereas the C corporation must file for corporate status in each state and country it elects to do business.
