Entity Comparison Chart
Use this chart to quickly compare entity characteristics before you incorporate. For additional information on business types, taxation, comparisons and corporation types, please visit the following links:

All Business Entity Types Defined
Compare the S Corporation to the LLC
Corporation Types Explained
LLC Taxation
LLC Tax Classifications Explained


* The letters "C" and "S" represent chapters in the IRS tax code. C corporations and S corporations are not types of corporations but types of corporate taxation.

** How an entity is taxed and how it protects the owner from lawsuits are two separate issues. For example, a sole proprietorship does not offer lawsuit protection for the owners. However, an LLC that is taxed as a sole proprietorship does.