C-Corporation
- The oldest form of business entity
- Provides limited liability protection
- Separate tax status from its owners
S-Corporation
- Specialized form of corporation
- Allows for "pass-through" taxation
- Excellent choice for all businesses
LLC
- Hybrid between corp. and partnership
- One of the most popular choices
- Allows for pass-through taxation
Nonprofit Corporation
- Eligible for exemption from taxes
- May receive both public and private grants
- Corporate limited liability protection
Latest Library Articles
- The
Benefits of Forming an LLC - 4/4/2008
A Limited Liability Company is a business structure formed loosely on a... - The Advantages of Forming an S-Corporation - 4/14/2008
There are several decisions to consider when forming a business entity; it is important to be familiar with... - In what state should I form my LLC or Corporation - 2/4/2008
Unless you plan on having a large, multi-state operation, it is generally best to form your co... - What is the SS4/EIN/Tax ID Number? - 2/4/2008
The SS4 is the IRS form required to obtain an EIN (Employer Identification Number, frequently called... - What is the Management Structure of an LLC? - 2/4/2008
An LLC is typically managed by its members/owners (referred to as member-managed). In that respect an LLC is unlike...
