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DBA
Use a Trade Name
Protect Your Privacy
Open Bank Accounts
Under a Different Name
Enjoy Tax Advantages
Most States Require
it
No Formal Management
No Stock Options |
|
LLC
Easier to Operate
(Manage)
Pass-Through Taxation
(Owners Tax)
Liability Protection
of a Corporation
Less Formalities
to Deal With
Requires Operating
Agreement
No Stock Options
|
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S
CORP
Small Business
Version of the C Corporation
S-Corp is a Special
Status the C-Corp can Transition Into
for Taxation Purposes
Gets
Taxed Like an LLC to Avoid Double Taxation,
but Faces Deduction Limits
Limited
to 75 Shareholders |
|
C
CORP
Separate Legal
Entity
Protection Against
Personal Liability
Stock Trade Options
Tax Advantages
Requires Corporate
By-Laws
Needs Formal Management
|
|
NONPROFIT
Extremely Tax
Friendly
Used for Charity
Work
Liability Protection
from Law Suits
Needs Formal Management
Certain Guidelines
Must be Met to Keep the "Non Profit"
Status
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