Choosing a business entity can be confusing. With the availability of LLC’s, LLP’s, S-Corps, and C-Corps, it can be tough to know your ABC’s from your XYZ’s. When it comes to structuring your business, however, the type of entity you select is key.
Do you own, stand to inherit, or are just plain curious about how to start a business (especially if you have been downsized in this economy)? If yes, then you should read a recent article in Forbes explaining the differences between a “C” and an “S” corporation. It is titled “C or S Corporation Choice is Critical for Small Business.”