C corp vs LLC vs S corp
Question | C-Corp | LLC | S-Corp |
Ownership | Stock | Membership Interest | Stock |
Owners | No Restrictions | No Restrictions | Limited to 75 |
Management | Officers & Directors | Members or Managers | Officers & Directors |
Limited Liability of Owners | Yes | Yes | Yes |
Ownership Transfer | Freely | Freely | Mostly free |
Duration | Perpetual | Possible | Indefinite |
Choice of Tax Year | Yes | Restricted | Restricted |
Fringe Beneifits | Yes | Members Restricted | Restricted |
Tax Rates | Double Taxation | Your choice | Flow thru |
Profits | Dividends | Per Operating Agreement | Flow thru |