The letters may seem confusing, but LLC and Inc. are abbreviations for different kinds of business entities. “LLC” stands for “limited liability company.” The abbreviations “inc.” and “corp.” indicate that a business is a corporation. Both LLCs and corporations are formed by filing forms with the state. Both protect their owners from liability for business obligations. But they are different in the way they are owned, managed and taxed, and they have different recordkeeping and reporting requirements.PLEASE NOTE: This process can take up to 6 weeks to complete with the SOS in your Base State of filing.