A corporation isn't required to have a full team of c-suite executives and large, formal shareholder meetings. It is possible to be the sole shareholder, director and officer for your corporation.

An LLC can have a single owner or multiple owners, and it affords them legal protections that a sole proprietorship does not (hence “limited liability”). LLCs with just one owner are sometimes ...

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.