A mid-size company making $10 million in revenue should exist as an “Inc.” corporation vs an “LLC.” As an “Inc.” corporation the company would get more attraction from business owners to buy shares compared to an LLC. An “Inc.” can go public which is what venture capital companies look for rather than an “LLC.” By going public, the medical device company can make far more revenue and increase the number of workers in terms of a global scale. A corporate structure won’t allow shareholders the right to make decisions unless they are a part of the board of directors. The opportunities to expand the company beyond $10 million in revenue as an “Inc.” are far more realistic in terms of getting loans/credit.

Reference: https://www.mycorporation.com/learningcenter/llc-vs-corporation.jsp