Business Entity Pros and Cons

This handout gives a listing of pros and cons for the various types of business structures. It also provides examples of the types of businesses that are good fits for each entity type.

HIGHLIGHTS: 

  1. Sole proprietor.

  2. Partnership.

  3. S corporation.

  4. C corporation.

  5. Limited liability companies (LLCs).


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers who are establishing a new business.

  2. Taxpayers who are considering changing the structure of a current business.

BusinessClare FazackerleyTax, Business, Business Entities, Starting a Business, Liability, Fringe Benefits, Sole Proprietor, Partnership, S Corp, C Corp, Business Structure, Pros and Cons, LLCs