Four main types of corporations exist in the United States:
- C corporations
- S corporations
- Limited Liability Companies (LLCs)
- Nonprofit Organizations
C corporations, S corporations and LLCs provide you with personal liability protection. S corporations and LLCs are commonly used for small business activities. Both enable you to grow your business and take on new owners. Both pass through income to owners who report it on their personal returns.
Find out how changing your small practice or business to a Corporation or a Limited Liability Company (LLC) can offer a range of advantages for the business owner. Most notable is that a corporation or LLC protects owners’ personal assets in case debts or legal judgments are claimed against the business. Corporations and LLCs are both separate legal entities (business structures) that enjoy certain protections under the law and important benefits. Please schedule some time to come in and meet to see the total benefits of doing so.
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