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LLC should have similar or same limited liability protection as a corp, but can be taxed like a partnership.
Pros of S Corp - simple. Easy to set up. Limited liability protection. Passthrough taxation.
Cons of S corp - limitation on shareholders. No non US shareholders allowed, another corporation cannot own shares in an S Corp
Pros of LLC - limited liability protection. Non US Investors permitted, corporate investors permitted. Passthrough taxation.
Cons of LLC - more costly to set up. An LLC is a very flexible legal entity, but it's only as "good" as the operating agreement. It can be costly in terms of legal advice to have a "good" operating agreement drafted.
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