Business Type Comparisons
from personal liability. Long-standing
legal precedents. Easier capital acquisition.
more complicated tax structure. Under
current tax laws,double-taxation
can be an issue.
larger-sized organizations choose this
type of structure.
same type of entity as the traditional
"C-Corporation," but without
of personal liability. Elimination of
double taxation. Easier capital acquisition.
to 75 shareholders maximum- fewer in
especially for the small business. Most
of our customers choose this option.
|LLC||Limited Liability Company. Newer form of entity organization.||Easy
separation of members from actual company
management. Can prevent double-taxation.
||Shorter legal history. Fewer case precedents.
||Many organizations use LLCs to separate the individual assets of a larger business plan. (e.g. real estate holdings) |
||Designed for charitable and mutual benefit organizations.
||Can register with the IRS as a 501-c3 entity for tax exempt status.
||Business activity restrictions. Also regulations regarding transfer of corporate assets.
||Corporation that is available for service professionals.
||Enables professional partners (e.g. Medical Doctors, Engineers, etc) to practice and separate personal liability.
||Restricted to licensed professionals. All members of the corporation must be licensed to practice the professional service.
||A professional corporation can be structured as a "C-Corporation or an "S-Corporation."