I think when a company is selecting between corporation (Inc) or limited liability company (LLC), it needs to weigh the pros and cons against the company’s overall mission. If a mid-size company with 50 people and $10 million in revenue wants to expand globally, then I would agree with bb254 and several of my other classmates, where selecting to become a corporation would be the best path forward. Corporations have the standard management structure, where a board of directors is overseeing the company’s growth, can grow in shareholders, become a public company when desirable, and will have an easier time acquiring loans when necessary. Yet on the other hand, if the same mid-size company doesn’t have the intention on expanding globally, is more of a software-based company, having more of an agile management style, I would argue and say selecting LLC would be best. The management style is more flexible, not requiring specific job titles and can be managed by groups. Each member also owns a percentage in the LLC so it can always motivate employees in an agile environment.