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2. S corporation - Wikipedia

   en.wikipedia.org/wiki/S_corporation

   v. t. e. An S corporation (or S Corp), for United States federal income tax, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. [ 1] In general, S corporations do not pay any income taxes.

3. Limited liability company - Wikipedia

   en.wikipedia.org/wiki/Limited_liability_company

   t. e. A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1] An LLC is not a corporation under the laws of every state; it is a legal form ...

4. List of legal entity types by country - Wikipedia

   en.wikipedia.org/wiki/List_of_legal_entity_types...

   There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.

5. LLC vs. Corporation - AOL

   www.aol.com/finance/llc-vs-corporation-203712316...

   LLC vs. Corporation. TJ Porter. April 30, 2024 at 4:37 PM ... An S corporation is a special form of corporation designed for smaller companies. They can only have a maximum of 100 shareholders.

6. Partnership vs. Corporation - AOL

   www.aol.com/finance/partnership-vs-corporation...

   To operate as an S-corp, you must also file that election (IRS Form 2553). Ownership In a partnership, the company is owned by the general partners and, if applicable, limited partners.

7. Incorporation (business) - Wikipedia

   en.wikipedia.org/wiki/Incorporation_(business)

   On the other hand, a corporation (Corp.) or a limited liability company (LLC) may hold assets such as real estate, cars or boats. If a shareholder of a corporation is personally involved in a lawsuit or bankruptcy, these assets may be protected. A creditor of a shareholder of a Corp. or LLC cannot seize the assets of the company.