What are the forms of business types that you can register? Should you create a C-corp or an LLC?

Sole Proprietorship: A business that is owned and operated by one individual, and the owner is solely responsible for all profits, losses and liabilities.

Partnership: A business owned and operated by two or more individuals. Each partner has equal liability and responsibility for the business.

Limited Liability Company (LLC): A business structure that combines the limited liability of a corporation with the pass-through taxation of a partnership or sole proprietorship.

Corporation (C-Corp): A business structure that is the most complex and expensive to form, but provides its owners with the most liability protection.

Nonprofit Corporation: A business registered with the state and granted tax-exempt status by the IRS.

Cooperative: A business owned and operated by a group of individuals who share the profits and losses.

S Corporation: A business structure that is similar to a C-Corp, but allows for pass-through taxation.

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