Business Comparison Chart
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 | |
| #### 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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