Company Formation

A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and you, the owner. 

A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. 

Corporation-The definition of a corporation is a legal entity with its own rights, privileges and liabilities separate from the members who created it. The main difference between an LLC and a corporation is that a LLC is owned by one or more individuals, and a corporation is owned by its shareholders. No matter which entity you choose, both entities offer big benefits to your business. Incorporating a business allows you to establish credibility and professionalism. The different types of corporations and business structures. When it comes to types of corporations, there are typically four that are brought up: S corps, C corps, non-profit corporations, and LLCs. But, there are additional business structures as well, some of which could be the right fit for your company.