Business Formations: LLCs, LLPs, LPs,
S-Corps And C-Corps
When you start your own venture, the very first thing that needs to be decided is the formation of the business, whether it will be an LLC, LLP, LP, S-Corp or a C-Corp. You need to ascertain which of these formations will suit your business goals, liabilities, and taxation. For instance, it can get difficult for the layman to differentiate between a C-Corp and an S-Corp. However, a Corporate Lawyer can help you understand the key differences and also help you decide you which formation will best fit your requirements. They will also be able to help you understand the tiny details differentiating them.