May still require licenses or forms, depending on state regulations
Protections & Taxes
There is no personal liability protection
Only taxed on a personal level
Can complete taxes without a separate filing
No limited liability protection
No company structure or organizing documents
Limited business rights
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Frequently Asked Questions
If you have more questions regarding corporations, reads through these FAQs. To speak to an attorney about any further questions or to get started on incorporating, fill in your information and we will contact you as soon as we can.
A Corporation is a business entity, like an LLC, but with a different structure and growth options for larger companies. Standard Corporations are also known as C-Corporations, and are taxed on the business level as well as on the personal level. The preferred entity for investors, Corporations can issue shares and have the option to be publicly traded.
An S-Corporation is a Corporation that opts for an S-Election, meaning that the business will not be taxed and profits will be passed through to the shareholders. S-Corporations operate like a C-Corporation but can’t be owned by other Corporations, LLCs, or trusts. Another important note is that S-Corporations also has restricti