Forming Your Business

	“C” Corporation	“S” Corporation	Limited Liability Company
Owners have limited liability for business debts and obligations in the name of the Company
May have unlimited owners
Owners need not be U.S. citizens or residents
May be owned by another business rather than an individual
May issue different classes of stock/interests
Owners can report business profits and losses on personal tax returns
Not required to hold annual meetings or record meeting minutes
Taxed at both the entity level and individual level (“double-taxed”)
Subject to capital stock tax or state franchise tax