FAQ

Frequently Asked Questions (FAQ)

Following are the most frequently asked questions about common legal business entity types in the United States.

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Limited Liability Company (LLC) Questions
What is an LLC?
Advantages of an LLC
Disadvantages of an LLC?
Reasons to Register an LLC?
Compare LLC to Corporation?
Compare LLC to Sole-Proprietorship & Partnerships?
How is an LLC Taxed?
What is Self-Employment Tax?

Corporations Questions
What is a C-Corporation?
What is an S-Corporation?
What is the difference between a C or S Corporation?
What is the difference between an S-Corporation and an LLC?
What is the difference between a Corporation and a Sole-proprietorship?
What are shares and how many shares can i issue?
What are the different types of stocks a Corporation is able to issue?
What is Double Taxation?
How does a Corporation protect my assets? Can it be circumvented?

Non-Profit Corporation Questions
What is a Nonprofit Corporation?
What are the different types of Nonprofit Corporations?
Can i make money with a Non-profit Corporation?
How many members must a non-profit corporation have?
What is a 501c3?
How long does it take to obtain a 501c3?
What are the steps to forming a Non-profit Corporation?

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