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Incorporating Starter Guide
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LLC
A limited liability company (LLC) is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
C Corporation
C corporation is any corporation that is taxed separately from its owners. Many C Corporations are publicly traded companies such as Apple, Amazon, and Target.
S Corporation
S Corporations Income and Losses pass through to shareholders to avoid double taxation. S Corporations can't have more than 100 shareholders.
Nonprofit Organization
A nonprofit corporation is an organization that has a purpose far beyond making a profit. Any revenues that exceed expenses must be committed to the organization's purpose.
Partnership
Partnerships are organizations with two or more owners to carry on business for profit. Depending how a partnership is setup, all partners share liabilities and profits equally, Or partners may have limited liability and different profit payouts.
