If you are an established company, then incorporating may be the option for you. However, if you are a new company just starting up, the LLC structure may be more attractive for the following reasons:

It is easier to change from an LLC to a Corporation than from a Corporation to an LLC.

If your company incurs any losses in the first years, you may write them off your personal income tax return. When you start to see a profit, you can incorporate and take advantage of the low tax rates afforded to Corporations.

An LLC has added flexibility, no annual meetings, minutes of meetings, etc are required. Distributions to owners need not be made in direct proportion to the investments, unlike corporations that require distribution in direct proportion to the stock ownership. Last, an LLC may be formed to last for a particular period of time, whereby a corporation is always perpetual and requires expense and time to dissolve it.