LLCWEB - Entity Comparison Chart LLCWEB - Business Organizational Structure Comparison Chart

Entity Comparison Chart

CHARACTERISTIC	Sole Prop	General Part.	Limited Part.	C Corp	S.Corp	LLC
Limited Liability for ALL owners	No	No	No	Yes	Yes	Yes
Owners can participate in management w/o losing liability protection	N/A	N/A	No	Yes	Yes	Yes
Easy to form and no need to keep extensive records	Yes	Yes	No	No	No	Yes
Number of owners	one	1 or more	1-35	2 or more	1-75	1 or more-except DC and Mass
Restrictions on ownership	No	No	Yes	No	Yes	No
Double tax	No	No	No	Yes	No	No
Able to deduct business loss on individual return	Yes	Yes	Yes	No	Yes	Yes
Able to add any number of additional investors including other entities	N/A	Yes	No	Yes	No	Yes
Flexible Distribution of Profits and Losses	N/A	Yes	Yes	No	No	Yes

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