Free Consultation|USA Only +1 (866)754 4460|Outside USA +1 (516)822 3100
InfoTaxSquare.com - Website Logo
  You are here : Home  >   Services  >   Articles Directory To Open A Corporation in The USA  
TESTIMONIALS
InfoTaxSquare.com - Testimonials  


Comparison of C Corporation S Corporation and LLC

 
0/5 stars (0 vote)
Category : > Articles Directory To Open A Corporation in The USA
Posted On : Tue Aug 25th,2015

 
Difference between corporation s corporation and LLC
 

What is the Difference between C corporation, S corporation and LLC?


Filing Taxes:

  • C-Corporation pays taxes on corporate level and the profit transfers to shareholders as a dividend to pay taxes again.
  •  S Corporation and LLC are pass-through entities and do not pay taxes on a corporate level, profit transfers to shareholders or members, pay taxes to their income tax returns.
  • The C Corporation and an S corporation cannot file an election to file taxes as an LLC to the internal revenue service.
  •  LLC can file an election to the Internal Revenue Service to file taxes either an S Corporation or a corporation.
  • Members of an LLC cannot take a salary unless file an election to file taxes either a corporation or an s corporation to the Internal Revenue Service.
  • LLC structure is more flexible compared to S and C Corporation.
  • C-Corporation is a double taxation; you first pay taxes on a corporate level, later transfer profit to the shareholders to pay taxes.

Management Structure:

  • The owners are called members in the LLC.
  •  The owners are called stockholders in an S Corporation.
  • The owners are called stockholders in a C – Corporation.
  •  Compare to C-Corporation and S-Corporation, you can easily replace the existing owners in the LLC.

 Filing Structure:

  • The owners file articles of organization to register an LLC.
  • The owners file articles of incorporation to register a C-Corporation or an S-Corporation.
  • All owners must be either a US residents or citizens to file an election for an S-Corporation to the Internal Revenue Service.
  •  The USA residents and nonresidents can register a corporation or an LLC.

 

  


Committed to give our users most updated news!
For instant news please subscribe at www.infotaxsquare.com


Leave Your Comments
Your name :
Email Address : Will not be published
Please enter your email if you want us to send answer to your email. We have a strict policy of not to share your email address with any other party.
Your message :
Insert these letters into the textfield below: (required, case-sensitive): eVTRc
Do you want to Subscribe for
InfoTaxSquare Business News Bulletin?
Yes
No
Comments (0)
Load More
No Comments found, Be the first to write comment
 


InfoTaxSquare.com - 10 Successful Years
Copyright © 2010, Infotax Square All Rights Reserved.
InfoTaxSquare.com - Allows Payment Processing With Visa, MasterCard, American Express and Discover
Terms and conditions, features, support, pricing and service options subject to change without notice.