The following chart breaks down a few key comparisons between Limited Liability Companies (LLC), C-Corporations, and S-Corporations:
LLC
Limited Liability Company
Pass-through taxation
Flexible management structure
Easy to form and operate
C-Corporation
Corporation
Double taxation
Centralized management structure
A bit complex to form and operate
S-Corporation
Subchapter S Corporation
Pass-through taxation
Flexible management structure
More complex to form and operate than an LLC, but less complex than a C-Corp.
The best business structure for you will depend on your individual circumstances and needs. If you're not sure which structure is right for you, it's a good idea to contact me at the Oozoonian Law Corporation.
Comments