Why would someone use an llc instead of a s-corporation, Business Management

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Why would someone use an llc instead of a s-corporation

Problem

A brief overview of the legal entities that a firm can take.

1. Why would someone use an LLC instead of a S-Corporation? Include in your answer the limitations on who can own an S Corporation.

2. What form or form of business is immediately not applicable if they want to protect their personal assets from any financial risk and explain why?

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Business Management: Why would someone use an llc instead of a s-corporation

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Business Management: Why would someone use an llc instead of a s-corporation

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