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The Limited Liability Company (LLC) is currently one of the most common business structures for smaller companies. In general, incorporating an LLC is less costly and simpler to operate than founding other types of corporations.
By filing with the Internal Revenue Service (IRS) an S corporation election, a business can elect to be taxed as a pass-through organization (IRS). The S corporation structure may be very advantageous when transferring ownership or dissolving a business.
C Corporation is also widely recognized as a nationally structured and organized business entity. It is one of the numerous legal possibilities between the official and regulatory reason and tax business.
A non-Profit Organization's mission is significantly distinct from that of a for-profit corporation. It works in a manner distinct from LLCs, S-Corps, and C-Corps. This organization exists solely to deliver revenues to its employees. No dividends are issued to investors.
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