Corporation
The most common type of entity formed for raising capital and limiting individual liability. A Corporation may live forever, sue or be sued, borrow money and go bankrupt.
Transfer of ownership is easy and shareholders are protected from economic harm. It is taxed at the entity level at the corporate rate usually much lower the personal tax rate.
Limited Liability Company
Not a taxable entity at all, this relatively new business entity (new compared to corporations that is) has generated a substantial amount of interest due to the fact that it provides both the limited liability of a Corporation and the single level pass through taxation of a Limited Partnership. (LLC’s may have other implications and subject to self-employment tax.)
For More Information Please Email Us At: info@aaacorpservices.com
For more information, visit our website at http://www.aaacorpservices.com/Toll Free: (800) 891-5987Outside the US: (307) 635-8700Fax number:(307) 635-1300
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