Tag Archives: Differences
What is the basic difference between a C corporation and an S corporation?
The difference between a regular C corporation and an S corporation is in the way taxes are reported and paid. Both types of corporations are initially formed as a regular C corporation. Both are subject to the same state corporation … Continue reading
What is the difference between a private and a public corporation?
A private corporation is a term often used to describe a small corporation in which the stock is issued to a limited number of shareholders and is not available to the public. In most small private corporations, the shareholders are … Continue reading
What is the basic difference between an S corporation and a LLC?
S corporations and LLC’s are similar in both the way they provide liability protection to the owners and in the way they report taxes. Both provide limited liability protection to the business owners (For a more detailed discussion of limited … Continue reading