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asimbana replied to the topic Discussion Topic: Inc. vs. LLC in the US in the forum Business 101 7 years, 5 months ago
I agree with @bb254, if a mid-sized company is making $10 million in revenue per year, the company would generate a larger net worth if the company became an Inc corporation. As discussed in the previous discussion above, the long-run gain would be to attract shareholders to buy stock in the company and increased the overall net worth of the company, this would also allow the company to expand out of the country and gain further coverage on their customers and increase their work staff. Of course by doing so, the negative effects of doing this would be the expensive cost in doing so and taxation but since the company is larger it can generate a larger revenue. This is ideal for medical device companies since they are interested in expanding and providing many countries with medical devices to assist and meet the need of their international customer needs.