What are the different types of corporations? What is the process for incorporating?
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What are the different types of corporations? What is the process for incorporating?
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Solution Summary
The cited solution discusses types of corporations in the US including introductory material about the process of incorporation and some of the tax differences involved.
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What are the different types of corporations? What is the process for incorporating?
There are many different types of corporations in the USA, which has its own legal status and liablility separate from its owners. Some are for-profit, while others are not (i.e. religious or educational organizations). The main kinds are termed: C, S, LLC, and of course non-profit or for tax purposes 503c corporations. What makes each different are the way in which they are TAXED by the Internal Revenue Service. Learn the lengthy details of the different types ...
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