Follow Us

http://www.myllc.com

Account area
Login
Call Us Toll-Free
888.88.MYLLC
Send us a message
Contact Us


Search


Resources

Foreign Qualification

Doing Business As (DBA)

Name Amendment

Share Amendment

Other Amendment

Federal Tax ID (EIN)

Conversion

Reinstatement

Apostille

Certified Copy

Compliance Kit & Seal

Ownership Certificates


More Resources

Form a LLC

Form a Corporation

Registered Agent Service

Trademark Service

Corporate Kits & Seals

Dissolution Service

Certificate of Good Standing

Tools for your business
Corporation Calculator
Business Type Comparison
Types of Business Entities:
Comparisons of C-Corporations, S-Corporations and LLCs
C-Corporation

A C-Corporation is a standard, general for profit, state formed corporation. Some if its benefits include:


Separate Legal and Tax Life
A corporation assumes a separate legal and tax life distinct from its shareholders. A corporation pays taxes at its own corporate income tax rates and files its own corporate tax returns each year.

Fringe Benefits
In some cases owner-employees may often deduct health insurance premiums paid by the corporation from corporate income. Some Corporate defined plans may offer better retirement options and benefits than those offered by non-corporate plans.

Avoiding Double Taxation
Generally, a corporation is a taxed for its own profits; then, any profits paid out in the form of dividends are taxed again to the recipient as dividend income and the individual shareholders tax rate.

However, most small corporations rarely pay dividends. Rather, owner-employees are paid salaries and fringe benefits that are tax deductible to the corporation.




Sub Chapter S-Corporation

Taxation

S corporations avoid the possibility of double taxation on profits .Shareholders of an S corporation are typically not personally responsible for the debts and liabilities of the business.




LLC / Limited Liability Company

A Limited Liability Company is a State formed Entity. Some if its benefits include:


Taxation
LLC'S allow for pass-through taxation.

Liability Protection
In most liability claims associated with management of the company the individual proprietor and his/her personal assets are protected.

Ease of Maintenance
The annual compliance paperwork is less complicated and in most cases less expensive than a corporation.




Sitemap | Privacy | Legal | Press Releases | Affiliate Program |

Share

© 2006-2014 MyLLC.com® is a trademark of MyLLC.com, Inc. All rights reserved.

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams