The S Corporation should be considered:
• When the owners live in a state with no personal state income tax.
• Have a small number of individuals who own the company.
• Have sales less than a few million in revenue. |
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The C Corporation should be considered:
• When the owners live outside the country.
• When several individuals are involved in ownership.
• When other entities are in involved in ownership.
• Have revenue greater than five or six million. |
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When to use a Limited Liability Company - LLC:
• When two or more individuals are involved in the ownerhsip.
• Owning real estate for investment purposes.
• Have several entities that own the business. |
