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Business Comparison Chart

Choose a Type of Business

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Before you begin the incorporation process, you will need to choose a business structure. The Company Corporation 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 The Company Corporation 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          

At The Company Corporation, we realize that not all questions can be answered simply by a chart. Where it concerns your business, you may likely have more in-depth questions such as, "Can a partnership become incorporated?" or "Should I incorporate or stay a sole proprietor?" or even "Can I incorporate a sole proprietorship?" Our team of incorporating specialists can help you make the right decision for you and your business, as well as equip you with a more in-depth understanding of the benefits of a sole proprietorship vs incorporation, or other business structures. Call us today and let us help you!

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