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Typically LLC are smaller with one or a few owners. The owners include the LLC info on their own tax returns and pay taxes on the profits (per their ownership amounts). This way they only pay tax on the profits once. Still since the info is on the owners tax returns they can't easily issue stock or do some other things larger corporations would need to do to get financing.
Corporations typically pay out their profits as dividends. The corporate income was taxed to obtain the corporations profits, and then the dividends are taxed when the individual includes this info on their tax return. THus, this is double taxed. There are some ways around this double taxation (do stockc buybacks instead of dividends - etc) but these ways are sometimes limited.
As a very big generalization, an LLC (limited liability company) is a form of business organization that has some of the legal and limited liability benefits of a corporation, but has the tax benefits of a partnership (i.e. no double taxation).
Both LLCs and corporations are creatures of state law; that is, they are formed and governed in accordance with the provisions set forth in the applicable state.
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