Business Comparison Chart

Before you begin the incorporation process, you will need to choose a business structure. incorporate.com can help you form a new corporation or Limited Liability Company (LLC) in any state. There are plenty of options when it comes to deciding whether to incorporate or form a partnership or act as a sole proprietor; take your time and let incorporate.com Business Comparison Chart help you through the process. Please review our chart below for the advantages of forming a C Corporation, Subchapter S Corporation, or LLC.

C Corp

S Corp

LLC

General Partnership

Sole Proprietor

Owners have limited liability for business debts and obligations

   

Created by a state-level registration that usually protects the company name

   

Business duration can be perpetual

   

May have an unlimited number of owners

   

Owners need not be U.S. citizens or residents

 

May be owned by another business, rather than individuals

     

May issue shares of stock to attract investors

     

Owners can report business profit and loss on their personal tax returns

 

Owners can split profit and loss with the business for a lower overall tax rate

       

Permitted to distribute special allocations, under certain guidelines

     

Not required to hold annual meetings or record meeting minutes

   


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