Corporations are entities created with the permission of the state and have certain rights, privileges, and responsibilities in addition to those of an individual. Shareholders are the beneficial owners of the company and elect directors who establish policies. Doing business as a corporation may have tax or financial benefits, but there are other fees and considerations to consider. Limited Liability Company (LLC) “A limited liability company (“LLC) is a new form of business entity that combines the operational flexibility and tax status of a general partnership with the limited liability protection traditionally associated with corporations limited partnerships and corporations." (Utah.gov) The LLC offers maximum operational flexibility. It can be an incorporater, a general partner, a limited partner, an applicant for a DBA or a manager of any corporation, partnership, corporation limited liability partnership responsible for LLC obligations However, an LLC is subject to disclosure, recordkeeping, and reporting obligations that do not apply to a general partnership and are organized by filing in accordance with state articles. Of