# 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](/content/starting-a-business/c-corporation/index.html), Subchapter [S Corporation](/content/starting-a-business/s-corporation/index.html), or [LLC](/content/starting-a-business/limited-liability-company/index.html).

|     |     |     |     |     |     |
| --- | --- | --- | --- | --- | --- |
|  | #### 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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