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Corporations vs LLCs
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C Corporations, Subchapter S Corporations, and Limited Liability Corporations.

C Corporation S Corporation LLC

Business and personal income taxed separately on separate tax returns.

Tax on business income is paid on owner's personal tax return. Tax on business income is paid on owner's personal tax return.
Annual meeting required. Annual meeting required. No required meeting.
Issues shares of stock. Issues shares of stock. No stock issued.

A C Corporation is liable for corporate income tax. Shareholder distributions are taxed again, a concept known as double taxation.

Subchapter S Corporations avoid the double taxation of Standard C Corporations.

LLCs may elect to be treated as a Subchapter S Entity, avoiding double taxation typically found in corporations.

 

Shareholders must be United States Residents.

 
C Corporation Pricing Sub S Corporation Pricing LLC Pricing
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limited liability corporations

 

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