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State of Filing
Type of Entity
C Corporation
  • Separate Taxable Entity.
  • Shareholders are not responsible for the liabilities of the business.
  • Unlimited Number of Shareholders.

S Corporation
  • Allows For "Pass Through Taxation"
  • Personal Liability Protection.
  • Most Popular Type of Formation for Small Businesses.

LLC
  • Combines a corporation's liability protection and the pass-through taxation of a partnership.
  • Provides Members Protection from Personal Liability.

 
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