Starting a business? We recommend getting in touch with a business law attorney. Among other decisions, you will need to decide between forming a C-corporation or an S-corporation. We will explain the difference and the pros and cons of each.
Startups generally choose if they want an LLC (limited liability company), C-corporation, or S-corporation for a business structure. Under an LLC model, members of the company cannot be held liable for the business’ liabilities and debts. This post, though, will focus on the C and S-corporation structure. The difference comes down to these three areas: taxation, ownership, and shareholders. [Read more…]