If you have a small business, you may feel that the corporate formalities of either an S corp or a C corp are more than you want to deal with. Assessing the advantages of a C corp vs. S corp for a startup can be particularly challenging because you have so many other decisions on your plate.
However, it’s important to Compare Business Structures as you’re forming a new business. Choosing the right business structure can save you a lot of money in the long run, either by reducing your taxable income or protecting your personal assets through liability protection. The entity you choose can also affect your ability to raise capital and grow your business.