Form of Entity

As a Small Business Owner, you choose whether you want to do business as a(n):

Limited Liability Company (LLC)

Subchapter S Corporation (S Corp)

C Corporation (C Corp)

Sole Proprietorship (no entity seperate from yourself)

The type of entity you choose impacts your legal protection and how you are taxed.

Which is best for you?

LLC Popular for holding Real Estate

S Corp Popular for Most Small Business Types

C Corp Popular for large Businesses who do not qualify as S Corps

Sole Proprietorship Not Currently very popular due to tax and legal vulnerability