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What's an LLC and what's an inc? What's the difference? (I wish I had a lawyer to explain it to me :D)

Well, LLC stands for Limited Liability Corporation, and Inc stands for Incorporated. I don't know the exact differences, but they have to do with how liable the stock-holders are if the company goes bankrupt, gets sued, etc (I.E., what the debtors are able take from the owners personal assets)... I'm pretty sure that an Inc protects the owners more, however an LLC is much quicker and less paper work to get. Don't quote me on that, though. :)
 
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