Are you trying to determine the best entity structure for your new business? Picking the correct business structure for your business can be a challenge. Regardless of the industry, Nevada Corporate Headquarters can help you structure your new business correctly.
With all the different types of business entities available, it can be confusing for new business owners to determine what structure is right for their business. NCH has put together a business structure comparison of the different kinds of business entities available. Here you can learn the advantages and disadvantages of sole proprietorships, partnerships, LLCs and corporations. Keep in mind that these are general overviews. When it comes time for you to decide the exact business entity structure you need, contact Nevada Corporate Headquarters, Inc. for a FREE consultation.
Click on the links below to learn more:
- Corporations
- Limited Liability Company (LLC)
- Partnership
- Sole Proprietorships
- Non-Profit Corporations
Nevada Corporate Headquarters, Inc. will ensure your corporate structure is ideally suited to your situation and circumstances. We can help you determine the type of business structure that provides the best maximum tax and asset protection benefits available.
Comparison of Business Entities:
C corporation status is appropriate for:
- When owners live outside the country
- When owners live in a state with a state income tax
- When several individuals or other entities are involved in ownership
S corporation status is appropriate for:
- Companies expecting start-up losses during the initial years of operation.
- Companies with no intent of going public in the future.
- Companies that do not expect to issue multiple classes of stock.
- Companies that might be subject to the Alternative Minimum Tax.
- Owners live in a state with no personal state income tax.
LLC status is appropriate for:
- When the business is a partnership
- When real estate is owned for investment purposes
- When several entities own the business
- When the owner is seeking complete protection from personal liability
The best entity for building business credit for your company is one that will:
- Separate you from your business
- Have its own federal tax identification number
- Separate your company's business debt from owners/officers
The business entities that provide these are the following:
- S Corporation
- C Corporation
- Limited Liability Company (LLC)
At Nevada Corporate Headquarters Inc., we will work with you no matter which entity you choose. If you need help with choosing the correct business entity that is best suited for your needs, or help comparing business entities, please contact a business formation specialist today at 1-800-508-1729.
