Business Comparison Chart

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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

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

    


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