When starting a small business, an LLC is a great model to set up the business. As has been mentioned above, it provides liability protection and more control over the business and its operations. However, as the business grows, corporate entities are preferable for their ability to generate capital investments via shares without surrendering control of the company. However, this does come at the cost of answering to a board of controllers. The corporate entity allows the greatest room for growth which can provide stability and profits.