Basic Comparison of Business Entities
Deciding on the entity type for your newly formed business is a time-consuming task. Researching the pros and cons of each business entity can involve hours of Internet searches and consulting with attorneys and accountants. To find a simple comparison of common business entities available, check out this simple chart found at the online incorporation Knowledge Center at MaxFilings.
The entity comparison chart provides side-by-side comparisons of sole proprietorships, limited partnerships, C corporations, S Corporations, and Limited Liability Companies. Each of these entities is compared and contrasted according to different situations, such as transfer of ownership, management decisions, and the raising of capital. In addition, the Knowledge Center at MaxFilings provides more detailed information on each type of business entity to aid in your decision.
The business entity comparison chart is only an informational resource. You should always consult with a professional before making any final decisions. Once an entity type has been decided, incorporate your business online at your convenience at MaxFilings online incorporation service.