ELI5, What is the difference between and LLC and an INC.?

Question

I thought I knew, but some recent answers have my head all mixed up.

In: 0

Answer 1

LLCs don’t issue shares, the owners simply own determined percentages of the business. If an LLC issues stock, it becomes an INC.

Answer 2

LLCs don’t issue shares, the owners simply own determined percentages of the business. If an LLC issues stock, it becomes an INC.

Answer 3

LLCs don’t issue shares, the owners simply own determined percentages of the business. If an LLC issues stock, it becomes an INC.