A company of that size would need to weigh the benefits and drawbacks of both of the choices. An LLC is excellent for smaller operations at it offers protection in the form of reduced personal liability as well as reduced taxation. For a company looking to continue steady growth in its field, this is an excellent option. Becoming an Inc. opens the door to greater opportunity in terms of investors and loans, but also introduces greater costs in taxes and during the transition. If the company is not ready to embark on the journey of going public and does not have a plan to expand and attract investors, this would not be the right move. However, if the company is looking to grow and expand rapidly, and needs the aid of investors, then it is clear that an Inc. would be the proper avenue.