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Types of Business Entities: Pros, Cons, and How to Choose

Fundera

Professional limited liability company: LLC structure for professionals, such as doctors and accountants. C-corporation: Incorporated business composed of shareholders, directors, and officers. S-corporation: Incorporated business that is taxed as a pass-through entity. State governments in the U.S.

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Accounting 101 For Small Business Owners

Lendio

If you’re a sole proprietor for tax purposes—meaning that you haven’t set up a business entity or have set up an LLC that hasn’t elected to be taxed as a corporation—you’ll likely be reporting your business income and expenses on the Schedule C that’s attached to your Form 1040.

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IncFile vs. LegalZoom: Which Is Right for Your Business?

Fundera

What are the similarities between IncFile vs. LegalZoom, and how do they differ? IncFile vs. LegalZoom: At a Glance. Here’s a quick summary of the types of services available on IncFile vs. LegalZoom: Type of Service. IncFile vs. LegalZoom: Head-to-Head Comparison. Form a new business. ?. IncFile Price. LegalZoom Price.

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Types of Business Entities: Pros, Cons, and How to Choose

Fundera

There are six different types of business entities: sole proprietorship, general partnership, limited partnership (LP), limited liability company (LLC), C-corporation, and S-corporation. No corporate formalities or paperwork requirements, such as meeting minutes, bylaws, etc. Pros of a C-corporation.