---
title: "Forming a Company: Do You Choose an LLC or S-Corp?"
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[LLC vs. S-Corp](https://blog.goosmannlaw.com/ceo-on-your-side/topic/llc-vs-s-corp)

# [Forming a Company: Do You Choose an LLC or S-Corp?](https://blog.goosmannlaw.com/ceo-on-your-side/forming-a-company-do-you-choose-an-llc-or-s-corp)

 By [Jeana Goosmann](https://blog.goosmannlaw.com/ceo-on-your-side/author/jeana-goosmann)   |  4, April 2017 

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[Jeana Goosmann](https://blog.goosmannlaw.com/ceo-on-your-side/author/jeana-goosmann)

 Tags: [LLC vs. S-Corp](https://blog.goosmannlaw.com/ceo-on-your-side/topic/llc-vs-s-corp)

![Sioux_Falls_Attorney](https://blog.goosmannlaw.com/hs-fs/hubfs/16405994_m.jpg?width=545&name=16405994_m.jpg "Sioux_Falls_Attorney")Ever been to a restaurant with a menu written in a foreign language? Choosing how to structure your business may feel like you are trying to understand a foreign language because so much is at stake. Here are three steps you should take when choosing between an LLC or an S-Corp.

First, determine how many people will be owners or shareholders in the business. LLCs can have unlimited members while S-Corps can only have 100 shareholders or less.

Second, consider how you would like the company to be managed. S-Corps have fixed rules that govern management practices and more structured rigid rules. LLCs can be managed using the structure of your choosing with fewer default management provisions. 

Third, determine whether you will invite additional investors to raise capital at a later stage. We work with our clients CPAs to ensure we have the company set for success.

Talk to an attorney today about structuring your business as an LLC or an S-Corp to help you translate the difference.

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### Locations

**Sioux City Location**  
 410 5th Street  
 Sioux City, IA 51101

**Sioux Falls Location**  
 5010 S. Minnesota Avenue, Suite 100  
 Sioux Falls, SD 57108

**Omaha Location**  
 Advent Building   
 17838 Burke Street, Suite 250  
 Omaha, NE 68118

![Goosmann](https://blog.goosmannlaw.com/hs-fs/hubfs/Blog_Images/Lockbox%20Lawyer/goosmann-white.png?width=250&name=goosmann-white.png "Goosmann")

Goosmann Law Firm is a FULL SERVICE LAW FIRM with locations in Sioux City, Iowa, Sioux Falls, South Dakota, and Omaha, Nebraska. Goosmann Law attorneys are licensed to practice in Iowa, Nebraska, South Dakota, and North Dakota. Their attorney team's practices and industries include but are not limited to Agribusiness and Cooperatives, Banking and Finance, Bankruptcy, Restructuring and Workouts, Business, Construction, Cyber Law and Telecommunications, Divorce and Family Law, Education, Employment, Environmental Health and Safety, Gestational Surrogacy and Adoption, Health Care, Litigation and Trial Law, Manufacturing, Mergers and Acquisitions, Municipal, Nonprofit and Tax Exempt Organizations, Real Estate, and Transportation, Tribal, Wills, Trusts, Estate Planning, and Probate Law.

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