Does an LLC or CORP Suit Your Needs?

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Corporation (CORP or C-Corp) — involves more formal responsibilities than an LLC, but there are advantages, such as federal deductions like business expenses. You’ll also be able to raise capital by issuing shares.
If your CORP has fewer than 100 shareholders, you’re also eligible for the S-Corp tax designation. Read more about this toward the end of the article.

Non-Profit Organization (NGO) — as the name suggests, this type whatsapp data of business operates to serve the public interest, without the primary goal of making money, so they’re generally categorized as tax-exempt by the IRS. Since this article is focused on supporting commercial small businesses, we won’t be covering it. Learn more about starting an NGO.

Now that we’ve clarified your two main options are business registration as an LLC or CORP, let’s look at which one would best suit your individual small business needs. Instead of long, boring paragraphs that are hard to digest, it’s easiest to break things down by what makes them distinct from each other: