I agree that there definitely is a difference in perspective when it comes to what company you would like to work for vs what company you would like to run. At the end of the day, everyone wants to profit from the situation regardless of where you're looking at it from. I would also agree that currently I enjoy working at a large public company due to the benefits as well. But when it comes to running my own company I think it's also important to keep employee satisfaction in mind as their satisfaction will result in better company performance and overall profit. Understanding what benefits employees value can aide in the process of deciding what type of company to create. It's also important to keep in mind what the overall goals of your company are. If you plan on not growing past the US, then an S-Corp would be a great option since you can avoid double taxation. But if you'd like to have growth all over the world, then you're limited to C-corp and will most likely need to hire more employees to account for the increased expertise required in accounting and regulations for each country involved. 

I agree with @ridmehta in that starting out in a large corporation typically C-corp is where I would and have started out just because of the developed structure that comes and also the amount of benefits that are associated with it. I also enjoy paying attention to my work only and not having to worry about any legal repercussion that might come upon the company and any other administrative hassels that may come upon me if i were to work in an LLC or own my own company. However when it comes to ownign my own company it would vastly depend on how much I want to expand outside of the USA, i believe that utilizing the C-corp would allow for me to gather a vast range of investors around the world and give me larger access to investments, but also it would level out that the company would have to pay double the tax. But if I planned to stay in the US, the S-corp is a fantastic route to make sure you dont pay too much in taxes. 

I agree with you. I also think that it is beneficial to start with a private company. But for me, I gave a lot of priorities to learn what and how each departments within the company contribute towards the financial growth and success of the company. I liked being exposed to different departments and get involved with their studies and skills they use. I personally liked it when I was able to make use of all my science knowledge I have had since high school. And private companies being smaller in size is much convenient when it comes to getting exposure to all the departments and learn how a company works in general. 

However, when it comes to finding a more settling job, I would prefer a bigger and stable company that is already financially successful and has a lot to offer to the employees including job security and the employees can also find a solid platform to use their skills and experiences to contribute towards the success of the business. Bigger companies offer good benefits, flexibility of career change and could have multiple locations situated nationally and internationally (For example, Pfizer, Novartis, etc.) which is a plus if we want to move out to live at a different state or even a country.

Frankly, I would rather work in a public company. In this case, we have many advantages. The first of these is to buy the shares of the company we work for. In this case, while we are working for the company, we are also working for ourselves. however, working in a private company also has its advantages. Since it is not a public company, the pressure on the employee will be less.

I currently work for a very small company and part of the way we are compensated is with shares in the company. I feel like this incentivizes people to give 100% at work since the better the company is doing the more the shares are worth and therefore the more lucrative it is. That being said I wouldn't mind working for a big company where the share price might be more stable than I have right now. 

Posted by: @jaf22

There are multiple posts that compare the public and private sector and types of corporations to work for. What are your top requirements for a company to work for in terms of private/public and corporation type and how does it differ from the company you would want to start?

I personally love working for a large, public owned company due to the benefits I have as an employee in both salary and stock options, but I would definitely start a private company (either an LLC or Inc.) with the intention of bolstering the company without sharing earnings to ensure that it can be eventually sold at a higher profit, even if it grows to formidable size. 

For most people, I believe the salary is the top priority when looking for a job and can be a dealbreaker if the salary is not at the level the candidate is looking for. Larger companies are great to work for because they are already established and can give you great pay and benefits. However, I believe startups are something everyone should look into when applying for jobs. Even though startups may not pay you as much as larger companies, they can go a long way down the road. For example, if you were to be a base employer at the start company and it goes big over a few years, then you are entitled to a higher role and pay since you believed in the company when it was just starting. So my advice would be to open up your options even if it will sacrifice some money initially and potentially be great later down the road. 

@sseal98 I agree with what you have to say about the pros and cons of working for a large company vs starting up your own. I personally have always wanted to build my way up through working for a large pharmaceutical company in drug discovery early on in my career. I would want to work for a large corporation as they are already established and I would be provided with a larger salary as well as benefits such as healthcare and paid time off. Additionally, because a large corporation has multiple sectors and departments that are individually accountable for their own respective responsibilities an engineer would never be expected to handle a lawsuit that the corporation may be facing. Personally speaking, I would want to work in R&D so I would not expect to have to fight a lawsuit case and I can specifically focus on the job that I have been hired to do. Furthermore, after learning about the different types of corporations I would ideally want to work in an S-corp corporation as then I would have access to shares in the company which would be an added bonus to the previously aforementioned perks. The downsides to working in this kind of company would be insanely difficult deadlines and high expectations for the role with high risk of losing my job if my performance is not up to the managers' liking. A private start up company on the other hand is safer in terms of job security and treatment as an employee for the company. Start ups are typically very small and therefore they value all their employees that are on board. The company acts more like a family rather than a factory. Although work environment may be better, the risks are much higher as the company does not have as much money and so the pay is lower along with not as many benefits. Personally, I would like to work in a big corporation first, make some money, and then 20 years down the line perhaps go into entrepreneurship and begin my own startup with other partners.

I think that many of us have different things we look for when looking for a company to work for as well as what we would offer if we ran a business. I say this because of the various backgrounds and upbringings society has. Some people really just want stability, another would like growth, while others are driven by the financial aspects alone. Whereas if they had the opportunity to run their own business, they might offer the very thing they looked for in previous employment.

The top requirements I have for a company to work for is the benefits, the ability to learn and grow but also financial security. If I were to run a business, I would like to offer the same things but also offer it to those who didn’t have the ability to get a degree, but they have just as much experience and knowledge that someone that had obtained their degree. I would also offer help to get them any other necessary education. Being that I would want to take a potential business outside of the US, I would have to have a C-Corp to have the ability to hire numerous people around the world but also have knowledgeable people on my team to handle the finances, regulations, etc.

I prefer large public companies because of the benefits attached to them. A full-time human resources team is employed by large businesses to support hiring, onboarding, benefits, conflict resolution, handling of grievances, and career reviews. Large businesses can weather bad times thanks to stable revenue. Large businesses have established cash cows that bring in a lot of money. They can also afford to make R&D investments. In addition, I have access to a wealth of institutional knowledge, training, mentors who have been in my position before, and organized assistance to aid in my success.

Large public enterprises have disadvantages as well. Increased bureaucracy and rivalry accompany career advancement, and there may occasionally be antiquated billing systems, mainframes, manual processes, or corporate regulations that haven't been revised in 15 years. Do you think the pros outweigh the cons?

I, too, would prefer working for a large and publicly owned company due to the benefits relating to salary and stock options. Also, compared to a smaller company, there are more opportunities in most cases to hold different positions within the company and move up the ranks. It is also intriguing for employers when/if you are to apply to a new job when you have experience working with a big-name competitor. As for if I were to start my own company, I would likely choose to start a non-profit organization, like an organization that produces prosthetics for people in need. With this type of company, the surplus of revenue generated is reinvested into the purpose of the organization instead of keeping this surplus as profit. 

After working with a couple medical device companies, I believe my top requirements do not depend on the notion of public or private, but rather the entirety of benefits offered to me. First, I personally flourish in a place of growth, in other words a company that continually allows me to learn, mentor, and develop in a certain role. It is difficult for me to stay stagnant in a position without any self growth. Another requirement I have is a stable work life balance. A company must provide me with reasonable working hours, flexibility, and also prioritize employee well being! Along with this notion is compensation and benefits: competitive salary, medical insurance, retirement plans, and external benefits. That being said, do you prioritize job stability or fast growth and learning when choosing a company to work for?

In contrast, if I were to start a company I would keep in mind the benefits listed before, but also place a focus on aspects that help drive a successful business. For example, I would emphasize the importance or autonomy and control, meaning the freedom to make decisions and grow the company on my own terms. This is why I would personally prefer a private company, as I can keep the earnings to reinvest it into the company without any shareholder pressure.

I agree and personally, choosing a company to work for my top priorities are stability, opportunities for growth, and strong employee benefits. Large companies offer these through competitive pay and plenty of chances for career development. I also like the security they provide as they are usually well established, allowing one to focus on my work without worrying about the company's financial health. Additionally, they often provide training programs and career advancement opportunities, which align with my desire for growth and advanced development opportunities.

It is a good question. I also agree with you. If I want to work then I will definitely work for a large company. There are lessen risks. I can gather more skills quickly. Most importantly it is more secure. Overall, better benefits and job stability. 

On the other hand, if I want to start a company I will start a private company (LLC). I have some interesting ideas to develop some unique medical devices. I will start it. make it big and profitable. Then I will sell it for a big amount of money. In this way, I can make quick money with my intriguing ideas.