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  2. Limited liability company - Wikipedia

    en.wikipedia.org/wiki/Limited_liability_company

    The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. [5]

  3. LLC vs. Corporation - AOL

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

    An S corporation is a special form of corporation designed for smaller companies. They can only have a maximum of 100 shareholders. Like other corporations, S corps have detailed accounting and ...

  4. List of legal entity types by country - Wikipedia

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

    合同会社 (gōdō gaisha or gōdō kaisha, "G.K.") – lit. "amalgamated company", a close corporation form similar to the American LLC, introduced in 2006 有限会社 (yūgen gaisha or yūgen kaisha, "Y.K.") – lit. "limited company", a close corporation form for smaller businesses, abolished in 2006 and replaced by G.K. above

  5. Incorporation (business) - Wikipedia

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

    There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal

  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. Entity classification election - Wikipedia

    en.wikipedia.org/wiki/Entity_classification_election

    An entity that elects to be classified as a corporation by filing Form 8832 can make another election to change its classification, subject to the 60-month limitation rule. A foreign eligible entity that became an association taxable as a corporation under the foreign default rule described below .

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