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LLC Formation

This simple business structure provides personal asset protection and tax advantages. An LLC is easy to set up and run.

PLLC Formation

A business entity that offers tax benefits and asset protection for licensed professionals such as lawyers, accountants, doctors, and more.

Incorporation

Take your business to the next level by forming a corporation that provides personal asset protection, lower tax rates, and more.

DBA Registration

Looking for a name to reflect your business identity? Register a DBA without the need to create a new company.

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Incorporation service

One-time purchase. Pay for the incorporation service of your choice.

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- LLC Formation
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Which business entity is best for you?

See the characteristics of the most common business entity types

Liability

LLC/PLLC

Incorporation

Liability	LLC/PLLC	Incorporation
Limited liability protection
Management and maintenance
Board of directors, annual meetings, record keeping, and other rules are required
Annual requirements that ensure compliance with explicit obligations
Taxation
Multiple tax options
Tax-exempt under Internal Revenue Code Section 501(c)(3)
Ability to grow
Access to funds from banks, venture capital firms, and foundations
Company's shares can be sold on the stock market		C-corporation only

Choose the type of business that best fits your needs

The most common business structures are the sole proprietorship, partnership, corporation, S corporation, and Limited Liability Company or LLC. Your choice of business structure depends on taxation, your ability to raise capital, the number of investors, the paperwork you need to file, and your personal liability.

A limited liability company, or LLC, is one of the simplest ways of structuring your business. An LLC provides protection from personal liability for any actions taken by your company as well as for debts or possible lawsuits.

A sole proprietorship doesn't require any filing. It's easy and inexpensive to register with no formal corporate maintenance needed. However, as an owner, you're personally liable for business debts.

A general partnership is the business type that is easy to create and operate. However, partners are personally liable for business debts.

A corporation is more expensive to create compared to a partnership or sole proprietorship. But the main advantages of a corporation are personal liability protection, business security and continuity, and easier access to capital. The two common types of corporations are C-corps (double taxed) and S-corps (not double taxed).

The main difference between an LLC and a corporation is ownership. An LLC is owned by one or more individuals whereas a corporation is owned by its shareholders. Plus, a corporation has to follow a number of formalities and is subject to double taxation. Even so, a corporation is more preferred by investors than an LLC.

The main difference lies in liability protection. An LLC ensures protection for its owners and members from being personally liable for business debts or actions that were taken by their company. Sole proprietorships have unlimited liability for business debts, lawsuits, and other business-related obligations.

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