There are several different types of corporate entities. At Corporate Extensions, we can help you understand the advantages of each and help you incorporate no matter which structure you decide is best for you. This most formal structure is used by both small and large businesses.
Limited liability applies to all stockholders and there is no limit on the number of stockholders.
The corporation offers perpetual existence and can raise capital by selling stock in public offering and trading stock on public exchanges. Thus, the owners are only taxed on one level, rather than on both. Law requires that all S corporations must be domestic and all shareholders must be US citizens. The LLC is not a corporation, but it offers many of the same advantages. This is a structure that is particularly suited to family businesses, professional organizations, non-US residents and foreign businesses.