Several types of corporations exist in the United States. Generically, any business entity that is recognized as distinct from the people who own it (i.e., is not a sole proprietorship or a partnership) is a corporation. This generic label includes entities that are known by such legal labels as ‘association’ <More>
There may be many advantages to using a corporation to carry on business depending on your circumstances Some of the main advantages of using a corporation to conduct business include the following: <More>
There are disadvantages to using a corporation to conduct business. These should be considered carefully before selecting the corporation to carry on business: Greater regulations, Cost of Organization, Record Keeping <More>
A limited liability company is very similar in structure to a corporation, except that the liability of the owners is limited -- hence the name. In the United States, a limited liability company is often referred to as an LLC -- many people incorrectly interpret this acronym to mean limited liability corporation. In the <More>
Disclaimer: Information on this site is not a legal advise, please consult with a licensed attorney before making your final decision to one of the following: Incorporate in Illinois, Form an LLC, Form a DBA, Form a Non-Profit, Form an LP, Form an LLP, or any other services that this website provides.
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