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Limited Liability Company (LLC)

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Corporation

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Non-Profit

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Sole Proprietorship

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Doing Business As (DBA)

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Employer Identification Number

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Not sure which business structure is right for you?

Sole Proprietorship

  • et|icon_check_alt|Business licenses may be required (varies by city or county).
  • et|icon_minus_alt2|OFiling with the state is required to form the business.
  • et|icon_minus_alt2|OCan have more than one owner/partner/director.
  • et|icon_minus_alt2|OOffers some protection of personal liability if the entity is sued.
  • et|icon_minus_alt2|OAdditional tax filings required (other than personal return).
  • et|icon_minus_alt2|OEligible for income tax exemptions and donor contributions may be tax deductible.

LLC

  • et|icon_check_alt|Business licenses may be required (varies by city or county).
  • et|icon_check_alt|Filing with the state is required to form the business.
  • et|icon_check_alt|Can have more than one owner/partner/director.
  • et|icon_check_alt|Offers some protection of personal liability if the entity is sued.
  • et|icon_check_alt|Additional tax filings required (other than personal return).
  • et|icon_minus_alt2|OEligible for income tax exemptions and donor contributions may be tax deductible.

Corporation

  • et|icon_check_alt|Business licenses may be required (varies by city or county).
  • et|icon_check_alt|Filing with the state is required to form the business.
  • et|icon_check_alt|Can have more than one owner/partner/director.
  • et|icon_check_alt|Offers some protection of personal liability if the entity is sued.
  • et|icon_check_alt|Additional tax filings required (other than personal return).
  • et|icon_minus_alt2|OEligible for income tax exemptions and donor contributions may be tax deductible.

Non-Profit

  • et|icon_check_alt|Business licenses may be required (varies by city or county).
  • et|icon_check_alt|Filing with the state is required to form the business.
  • et|icon_check_alt|Can have more than one owner/partner/director.
  • et|icon_check_alt|Offers some protection of personal liability if the entity is sued.
  • et|icon_check_alt|Additional tax filings required (other than personal return).
  • et|icon_check_alt|Eligible for income tax exemptions and donor contributions may be tax deductible.

What is a limited liability company?

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How does a corporation protect my personal assets?

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What is the difference between a C corporation and an S corporation?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec tempor tincidunt maximus. Quisque tincidunt sapien nisl, vel porta magna euismod vel. Pellentesque facilisis justo euismod elit gravidaThe IRS allows corporations to choose to be taxed as either a “C corporation” or an “S corporation.” Income from C corporations are subject to double taxation; that is, the corporation pays taxes on its net income and then the shareholders also pay taxes on the income that they receive from the corporation. S corporations have only one level of taxation. The shareholders still have to pay taxes on money that they receive from the corporation, but an S corporation does not pay taxes on its net income. While the S corporation is popular among small business owners, C corporations have greater tax planning flexibility and can shield shareholders from direct tax liability.

Do I need a name or DBA for my business?

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Do I need any other licenses or permits to start my business?

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