Different Types of Companies (Business Entities)

Are You Currently Without Limited Liability Protection? It May Be Time to Consider Incorporation. Different Types of Companies (Business Entities) – Suppose you are giving basketball lessons in your driveway for $5 an hour. You don’t file paperwork with the state and don’t share business with anyone else. If a student breaks his leg while….

Different Types of Companies (Business Entities)
C Corporation vs S Corporation (S Corp vs C Corp)

C Corporation vs S Corporation (S Corp vs C Corp)

C Corporation vs S Corporation? Both C corporations and S corporations are legal entities that exist separately from their owners. They are sometimes called for-profit or business corporations. A C corporation is simply a standard business corporation.  The reason it’s named “C Corporation” is because it is taxed under subsection “C” of the IRS code. ….