Form your LLC with confidence

Forming an llc isn't required to start a business, and it's just one of many options for structuring a business. other possibilities include c corporations, s corporations, nonprofits, sole proprietorships, general partnerships, limited partnerships, and limited liability partnerships

Both llcs and corporations shield owners' personal assets from business liabilities or debts, but they differ in key ways:
- ownership: llcs are owned by one or more members, while corporations have shareholders.
- maintenance: llcs typically require less formal record-keeping and reporting compared to corporations.
- taxation: llc profits generally pass through to members before being taxed, whereas some corporations have their profits taxed at the company level first.

An llc is a type of business entity, while an s corporation is a corporation with a special federal tax status. both an llc and a c corporation that meet specific criteria can choose to be treated as an s corporation for tax purposes. like an llc, an s corporation can help its owners avoid double taxation.

Yes, in general, an s corp can be a member of an llc.