Good Day VirtMe Technology friends! I hope everyone viewing this video is healthy and well!
First off, I would like to say thank you to everyone who has Followed or Subscribed to our social media pages! Thank you Thank you!
The purpose of these posts and videos we are making is to prepare our friends for what is developing and educate everyone on the world of Virtual Reality. So please invite your friends on social media to join us on this conversation and exploration of technology. We are living in the future right now people.
Some are fighting it, Others are embracing it. The question is, “Which one will you do?”
Today’s video we are discussing ‘Making the decision on Corporation or LLC of VirtMe Technology’.
Now I do want to say first, I am a Marketing & Business Growth Consultant … NOT an attorney. For legal advice about your business, please consult an attorney that specializes in business.
The legal entity type is one of the most important decisions that you will make for your business.
Generally, most entrepreneurs choose to form a Corporation or a Limited Liability Company (LLC). The main difference between an LLC and a corporation is that a LLC is owned by one or more individuals, and a corporation is owned by its shareholders. In addition, there are some tax differences in each.
No matter which entity you choose, both entities offer big benefits to your business. Incorporating a business allows you to establish credibility and professionalism. It also provides limited liability protection.
For VirtMe Technology, we made the decision to become a C Corporation, because of the direction we are taking the business and its anticipated growth.
My name is Christopher Thomas, Chairman of the Board for VirtMe Technology. On behalf of VirtMe, thank you for listening and for your support.