Ready to create your company?
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 |
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Owners have limited liability for business debts and obligations |
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Created by a state-level registration that usually protects the company name |
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Business duration can be perpetual |
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May have an unlimited number of owners |
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Owners need not be U.S. citizens or residents |
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May be owned by another business, rather than individuals |
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May issue shares of stock to attract investors |
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Owners can report business profit and loss on their personal tax returns |
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Owners can split profit and loss with the business for a lower overall tax rate |
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Permitted to distribute special allocations, under certain guidelines |
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Not required to hold annual meetings or record meeting minutes |
Ready to create your company?