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Choosing a business structure for your company is one of the most crucial first steps to starting a business. Your business entity type has legal, financial, and administrative implications, so it’s important you get started with the best entity for your situation.
The LLC structure combines the advantages of a corporation and those of a Partnership or Sole Proprietorship. It can be a single-member LLC or a multiple-member LLC. Forming your business as an LLC limits member (owner) liability while requiring less paperwork…
The S Corporation is a subtype of the corporation structure. It allows a C Corporation to elect to be taxed as a Partnership, with all business income taxed at the owner (shareholder) level at the tax rate for individuals. This avoids the double taxation that corporations normally face…
The Corporation is a legal entity separate from its owners, and it provides a significant degree of personal liability protection for its owners (shareholders). Ownership is through holding stock in the company, which may be held privately or publicly…
A Nonprofit Corporation is created to fulfill a civic, religious, educational, or charitable goal. Nonprofits are tax exempt, and as such do not pay income tax. They may also be eligible to accept donations.
Forming a Nonprofit can be a complicated and lengthy process…
Some states require that business owners in certain professions form their companies as a Professional Corporation (also known as a “Professional Service Corporation”). This is a limited liability type of corporation in which all owners (shareholders) hold a professional license.
Note that a Professional Corporation does not shield the professional who commits malpractice…
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Fill out the form below to request copies of official documents for your business: