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Choosing Between a Corporation and LLC

posted Feb 14, 2012, 1:50 PM by Bryan Berson   [ updated Sep 13, 2014, 6:47 PM ]
Suppose you operate a company with two lines of business—a service business such as Six Sigma consulting, and a manufacturing business such as precision instruments. They have different customers, growth prospects, reinvestment needs, returns on capital and cash flow characteristics. They face different types of risks.

In the 9th of his 14 points, W.E. Deming taught managers to break down barriers among staff areas. In the example above, the units are distinct divisions in a conglomerate. For organizational and practical purposes, good management would separate them.

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