Determining what kind of business structure is right for your needs can often be confusing. These are some of the key differences to help you understand the benefits of each.

 
Limited liability
protection
details
details
details
details
Separate business and
personal finances
details
details
details
details
Owner manages the
business
Maybedetails
Maybedetails
Maybedetails
details
Easy to add or change
owners
Maybedetails
Maybedetails
Maybedetails
details
Easy to sell or inherit
the business
Maybedetails
Maybedetails
Maybedetails
details
Pass-through taxation
Maybedetails
Double taxation
Maybedetails
Separate state and
federal tax filings
details
State filings and fees
details
details
details
details
Ongoing state filings
Corporate formalities
Maybedetails
details
details
Additional business
costs
Maybedetails
 
Limited liability
protection
details
details
details
Separate business and
personal finances
details
details
details
Owner manages the
business
Maybedetails
Maybedetails
details
Easy to add or change
owners
Maybedetails
Maybedetails
Maybedetails
Easy to sell or inherit
the business
details
Maybedetails
Maybedetails
Pass-through taxation
details
Double taxation
details
Separate state and
federal tax filings
State filings and fees
details
Maybedetails
details
Ongoing state filings
Maybe
Maybe
Corporate formalities
details
Maybedetails
Additional business
costs

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