Business Structures
Researching LLC vs S-Corp vs C-Corp can lead to some very confusing descriptions. Here, we try to break down the most popular and basic structures (read: most applicable for entrepreneurs and small businesses) so you can actually understand their purposes and determine which is best for you and your small business.
Incorporated Structures
Protect Your Personal Assets...
LLC
A flexible hybrid of a partnership and corp. Simple and safe.
Corporation
Advanced protection and tax advantages for mature companies.
Limited Partnership
Combine your business resources, protect your personal ones.
Basic Structures
Simple, But Risky...
Sole Proprietorship
The one man show. All the power, but all the liability.
General Partnership
Two heads are better than one, but choose wisely.