Posted by Rob FL on January 26, 1999 at 17:30:23:
The costs very much depend on your state. For example in FL you can set up a corporation for roughly $150 in filing fees and $150 or so annual fees, whereas an LLC costs nearly $350 to file and $300 or so annual fees.
Also creditors of an owner of a corporation can seize that owner’s stock and thereby become an owner in the corporation, whereas in an LLC they are limited to a charging order against the distributions to the owner but cannot actually seize his interest in the LLC and therefore cannot actually own the LLC. An extremely big difference.