Whats the difference, Cons Pros between Sub Chapters and LLC corporations?
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1.  Tax treatment -- While both entities are pass-through on the federal level (i.e., taxed as a partnership), states tax S corps' and LLCs differently.  \n\n2.  Structure -- The advantage of an S-corp. is its easy and people are familiar with the corporate structure -- shareholders, board, management, etc.  However, S corp's can only have 1 class of stock, which limits their usefulness if you want to differentiate between types of owners.  LLCs require an operating agreement that takes some thought and care, but allow for different classes of membership interests that can have different economic and control rights -- that is why LLCs are favored for real estate partnerships or other ventures where you want to distinguish between passive and active members or want to structure a promote or carry.\n\n3.  Who can own an LLC or S-Corp.  S-corp's can't be owned by foreign persons or another company.  LLCs can.\n\n4.  Licensure issues.  Certain businesses may not be run as LLCs because LLCs can not get the required licenses.  \n\nGenerally, if you have a simple business with a couple of partners who share equally in management and ownership, S-corps are a good easy alternative.  If you have complexity in your underlying business arrangements or non-US person partners, then an LLC is a good way to go.
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all depends on your company and your situation, I would have a good business law lawyer go threw this with you, not some morons on the net.\n\nmy sister is a lawyer and she has told me for one of my ideas an LLC would be bad for that kind of company.
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LLC is limited liability company. The LLC is designed to give you the best of both worlds: the limited liability of a corporation while retaining a level of tax simplicity that resembles a partnership.\n\n- Limited Liability Status. The main attraction of an LLC is its limited liability status, a feature that it shares with corporations. The LLC limit your personal liability from business debts and damages incurred by the business. It basically lets you off the hook from legal liabilities such as court judgments and legal settlements obtained against the business.\n\n- Tax Benefits. Like sole proprietorships, partnerships, and S corporations, the business profits and losses of an LLC are taxed at individuals' income tax rates. You will avoid a corporation's double taxation, where taxes are reported at a separate business level.\n\n- Owners of the LLC. While owners of corporations are called stockholders, LLC owners are referred to as members. A member, who invests in the LLC and receive a percentage ownership interest in return, may be an individual or a separate legal entity such as a partnership or corporation. The percentage ownership is used to divide up the assets of the LLC when it is sold or liquidated, to split up profits and losses of the LLC or to divide up its voting rights. While an LLC can exist with one member, some states such as the District of Columbia and Massachusetts require LLCs to have two or more members.\n\n- Flexible Management Structure. An LLC can be run either by its members or a management group elected by the members. While many small businesses are managed by their own members, an LLC can easily adopt a management-run structure in the following situations: the members decide to employ outside management help; not all of the members want to run the LLC; or an outside investor wants to be given a vote in management.\n\n- Flexible Distribution of Profits and Losses. Similar to partnerships, dividing up profits among the LLC members is not restricted to the members' capital contributions. You may split up LLC profits and losses any way you wish, as long as it is provided for in the operating agreement
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Of course foreign-owned corporations can register as an LLC in the United States. You would register in one state only. Currently Nevada has the most benefits to registering as an LLC.\n\nHowever, there is no real advantage to being registered as a U.S. LLC other than for appearances. Some might consider it underhand to pose as an actual US company and not as a foreign entity operating inside the US. Another thing to consider is that you will be liable to pay US Federal taxes.
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The LLC is designed to give you the best of both worlds: the limited liability of a corporation while retaining a level of tax simplicity that resembles a partnership.\n\nFeatures of the LLC\n\n- Limited Liability Status. The main attraction of an LLC is its limited liability status, a feature that it shares with corporations. The LLC limit your personal liability from business debts and damages incurred by the business. It basically lets you off the hook from legal liabilities such as court judgments and legal settlements obtained against the business.\n\n- Tax Benefits. Like sole proprietorships, partnerships, and S corporations, the business profits and losses of an LLC are taxed at individuals' income tax rates. You will avoid a corporation's double taxation, where taxes are reported at a separate business level.\n\n- Owners of the LLC. While owners of corporations are called stockholders, LLC owners are referred to as members. A member, who invests in the LLC and receive a percentage ownership interest in return, may be an individual or a separate legal entity such as a partnership or corporation. The percentage ownership is used to divide up the assets of the LLC when it is sold or liquidated, to split up profits and losses of the LLC or to divide up its voting rights. While an LLC can exist with one member, some states such as the District of Columbia and Massachusetts require LLCs to have two or more members.\n\n- Flexible Management Structure. An LLC can be run either by its members or a management group elected by the members. While many small businesses are managed by their own members, an LLC can easily adopt a management-run structure in the following situations: the members decide to employ outside management help; not all of the members want to run the LLC; or an outside investor wants to be given a vote in management.\n\n- Flexible Distribution of Profits and Losses. Similar to partnerships, dividing up profits among the LLC members is not restricted to the members' capital contributions. You may split up LLC profits and losses any way you wish, as long as it is provided for in the operating agreement.\n\nTo compare LLC with corporations, read these articles:\n\nLLCs vs. C Corporations http://www.powerhomebiz.com/vol97/llcs.htm \nS Corp. vs. LLC: Which Structure is Right for Your Business http://www.powerhomebiz.com/vol136/structure.htm \nChoosing Your Legal Structure http://www.powerhomebiz.com/vol3/legalstructure.htm
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Inc. is the initial of  incorporated. Corp. is the initial of corporation. They are essentially mean the entity is a business corporation. \n\nHowever, as Cutegal78 mentioned, the only difference between than it is depending on the state where incorporated and what ending the incorporates decided to list on the Certificate of Incorporation. \n\nSo I will go with her answer.
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check this....http://www.tsha.utexas.edu/handbook/online/articles/CC/llc1.html
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I posted some links to a couple of articles about business structures & how to figure out which is best for your needs.\n\nFor the actual incorporating, contact your Secretary of State -- that link is also below.\n\nHope that helps! I wish you much success & happiness in all your endeavors!
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Yes, an LLC can be a member of another LLC.
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They are sort of the same, except for when it comes to taxes. Corporations pay taxes at the corporate level and the shareholders of the corporation are also taxed on their earnings per share. In a LLC, the corporation itself is not taxed but the shareholders in the LLC are taxed on their earnings. Also, most of the time LLC is a smaller group of shareholders than a corporation. I think that is it. Oh and also, just as a bonus...the words to the AC/DC song are Dirty Deeds Done Cheap...not Dirty deeds done with sheep.
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a limited liability company or limited liability partnership has the advantage of the partners possessing limited liability (can't go after their assets), but also have the advantage of bypassing double taxation. They're only taxed at the individual level. (However it is expensive to set up a LLC)
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I'm not an accountant, but I have a corporation in Texas.  Either way, it's expensive and you're going to spend several hundred dollars, so if your business doesn't have much liability now, you may want to wait and just file a DBA as a partnership.\n\nFor either of them, you need to file with the Secretary of State, here's the link, it'll tell you how to file, fees, etc.\nhttp://www.sos.state.tx.us/corp/businessstructure.shtml\n\nWith your size business, if you go as a corporation, you should elect to be an "S" corp.  This is very easy and lets you pass any profits from the corporation to the shareholders as wages.  Any losses are passed to the shareholders and you deduct from you personal taxes.  The corporation files a year end tax form, and K-1 showing the percentages for each shareholder.  You then file a supplement page with your 1040.  \n\nThe main difference with the LLC I think is record keeping.  If you're a corporation, you need to have annual meetings, keep articles of incorporation, detailed records of any changes.  Costs are about the same.   I forget the filing fee, but I think it's like $400 to register the name and paperwork.  You don't need a lawyer if you can find the paperwork that'll show you what you need.\n\nFranchise tax is nothing to worry about.  As a corp in Texas, you need to file 2 forms with the state every tax year.  One just shows the names of the directors and the other is your income; but if it's less than $250,000, you don't owe anything.
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Look into organizing a limited liability company (LLC).  LLC's will protect your personal assets like a corporation, and you get taxed like a partnership (no double tax like corporations).  LLC's have less paperwork generally, but the owners (members) still need to abide by the Organization Agreement and Articles of Organization.\n\nA corporation is an option, and an IRS subchapter S election may be the way to go, and if so, will save you taxes.  And yes, the corporation will protect your personal assets so long as you observe the distinction between the corporation and yourself.\n\nAs you have noted, a partnership will expose you individually to the partnership's liabilities.\n\nThe botton line is that you need legal and tax advisors.  The information you get here are mere talking points that you can use for discussion with real professionals.  It will cost some money, but it is worth it because you will be laying the foundation for establishing your future tax and legal liabilities.  Make sure that your lawyer is licensed by the California Bar and that your accountant is a licensed CPA in California.
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INC - stands for Incorporated\nLLC - stands for Limited Liability Corporation\nThese are terms dealing with types of businesses here in the United States. I don't know about the other ones.
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One of the most comprehensive FAQs on LLC I know is by Nolo.com:\n\nhttp://www.nolo.com/article.cfm/objectID/ED01121A-B4BF-498A-8BC0DBD121A0C869/111/182/245/FAQ/\n\nOther resources are:\n\nHow to form an LLC in your state (with state by state links) http://www.mycorporation.com/llc/info/index.htm\nhttp://www.bizfilings.com/learning/llcfaq.asp
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enterprise is a small form of company having only one owner, while corporation is a big one with more than one owners
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corporate definition\n\nPertaining to corporations. Corporations are the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships. \n\nCorporate Functions or Enterprise workforce provides deep expertise to manage and operate business functions and support client teams. They work in a wide range of functional areas including human resources, marketing and communications, finance, quality control, legal, IT, facilities and service.