Compare Entities
Corporation | Nonprofit Corporation | Limited Liability Company (LLC) | Limited Liability Partnership (LLP) | |
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from $149 plus gov. fees | from $599 plus gov. fees | from $149 plus gov. fees | from $149 plus gov. fees | |
Annual Reports Required to be filed with the State | ||||
Personal Assets Generally Shielded from Business Liabilities | ||||
Personal Assets Generally Shielded from Business Liabilities of Your Partners | ||||
Tax Advantages for Shareholders | ||||
Tax-Exempt Status for Qualified Organizations, Can Receive Public and Private Grants | ||||
Members Decide How the Entity will be Taxed | ||||
Annual Meeting of Owners / Shareholders Not Required | ||||
Most Flexible Business Structure | ||||
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