What is the difference between a Corporation and a Limited Liability Company ?
A limited liability corporation offers limited liability to its owners, but may elect to be taxed as a partnership which passes all the income and losses through to its owners. S Corporation can only have 100 stockholders and the stockholders cannot be corporations or non-U.S. citizens.
Need Professional Help?
If you need help with "Incorporation Services" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.