[Arthur McGowan]

“It’s” is the contraction of “it is.”

“Its” is the possessive of “it.”

All you have to remember is that the contraction is what you would expect it to be, and the possessive is the opposite of what you would expect it to be. Really simple.

[SamAdams76]

I hope you realize that the comma you used between "be" and "and" was totally unnecessary. In fact, it was a bit jarring seeing it there.

Sentence flows smoother when it is written like this:

"All you have to remember is that the contraction is what you would expect it to be and the possessive is the opposite of what you would expect it to be."

[ladyjane]

Your right!

Chew on that for a while. LOL