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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.
Types of Business Entities Sole Proprietorship. This is a business run by one individual for their own benefit. Partnerships–General and Limited. Limited Liability Company (LLC) ... Corporation. Advantages/Disadvantages.
Compare business structures Business structureOwnership Sole proprietorship One person Partnerships Two or more people Limited liability company (LLC) One or more people Corporation - C corp One or more people3 more rows •
An LLC is a business structure where taxes are passed through to the owners. An S corporation is a business tax election in which an established corporation passes taxable income to shareholders.
Filing as an S Corp in Michigan Step 1: Choose a Business Name. Step 2: Appoint Directors and a Registered Agent. Step 3: File Articles of Incorporation. Step 4: Create S Corp Bylaws. Step 5: Apply for an Employer Identification Number. Step 6: File Form 2553 for S Corporation Election.
These different business entities include sole proprietorships, copartnerships, limited liability partnerships, limited partnerships, corporations, and limited liability companies.
Legal and tax considerations enter into selecting a business structure. Sole proprietorships. Partnerships. Corporations. S corporations. Limited liability company (LLC)