We're here to help you start your business
LLC
The simplest way of structuring your business to protect personal assets.
Corporation
Plan to issue shares, go public, or go global? Go there as a corporation.
Nonprofit
Create an organization to give back and be eligible for tax breaks.
Doing business as
Go by a different business name without creating a new company.
Not sure what type to choose?
Getting set up
Staying compliant
Growing your business
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Both protect owners so they're not personally on the hook for business liabilities or debts. But, key differences include how they're owned (LLCs have one or more individual owners and corporations have shareholders) and maintained (corporations generally have more formal record-keeping and reporting requirements). Even though LLCs are considered easier to start and maintain, investors tend to prefer corporations.
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Personal liability protection. An LLC protects owners from being personally on the hook for business liabilities or debts. A sole proprietorship doesn't.
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LLCs, S corporations, and sole proprietorships are taxed once on profits received. C corporations are taxed twice; the business pays taxes at the corporate level, and shareholders pay taxes on income received. Nonprofits with 501(c)(3) status are exempt from federal income taxes.
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LLCs, corporations, and nonprofits. You don't get personal liability protection with sole proprietorships or DBAs.
Questions?
Call an agent at (888) 381-8758 (888) 381-8758
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