Business Structure Comparisons

business structure comparisons

Before incoporating understanding the differences in the business structures are important. Incorporating is a big deal and choosing the right entity is just as important. There are certain factors you should take into consideration when deciding the type of entity you should use. Below are eleven key factors to consider when choosing a business structure, see what structures have what you are seeking.
 

1. Owners have limited liability for business debts and obligations.

C Corp | S Corp| LLC 

2. Created by a state level registration tat usually protects the company name.

C Corp | S Corp| LLC 

3. Business Duration can be perpetual.

C Corp | S Corp| LLC

4. May have an unlimited number of owners.

C Corp |  LLC | General Partnership 

5. Owners do not need to be U.S. citizens or residents.

C Corp |  LLC | General Partnership | Sole Properitor

6. May be owner by another business, rather than individuals.

C Corp |  LLC

7. May issue shares of stock to attract investors.

C Corp | S Corp

8. Owners can report business profits and loss on their personal tax returns.

S Corp| LLC | General Partnership | Sole Properitor

9. Owners can split profit and losss with the business for a lowers overall tax rate.

C Corp 

10. May distribute special allocations, under certain guidelines.

LLC | General Partnership 

11. Not required to hold annual meeting or record meeting minutes.

LLC | General Partnership | Sole Properitor

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