There a few things to consider when deciding to make a business either an LLC (limited liability company) or an incorporated company (S-corp or C-corp). With an LLC, business owners are personally protected from the risks that involve a lawsuit or other legal actions that involve the company. This way, the individual’s assets are protected unless the court finds out about any unlawful actions the owners may be undertaking in the business (“piercing the corporate veil”). Furthermore, taxes paid by LLCs are not paid at the business level; they are reported and settled at the individual level. When choosing between an S-corp or C-corp, business owners tend to look at taxation. S-corps are taxed similarly as LLCs where as C-corps are taxed as entirely separate entities, so C-corps are first taxed at the entity level and then individuals are taxed at the personal level. With a business of 50 employees and $10 million in revenue the business owner(s) should consider an S-corp since the business is not really large enough to reap the benefits of a C-corp, but not exactly small enough for a LLC to be viable. The only drawbacks to this is that S-corps won’t gain as much attention from venture capitalists, so expansion won’t be as viable as an option; however, the overall cost and savings of an S-corp from taxation at this level is something to consider.