Tag: corporation

What Is the Difference Between S-Corporations and C-Corporations?

Posted on June 20, 2024

Naperville, IL corporate formation lawyer

When starting a business, one of the critical decisions owners or partners will need to make is choosing the appropriate business structure. S-corporations (S-corps) and C-corporations (C-corps) are two common options, and they can each provide certain advantages and disadvantages. An experienced attorney can provide guidance on how to select the structure that is best suited to a business’s needs.  S-corps and C-corps both offer limited liability protection, meaning that owners (shareholders) generally cannot be held personally liable for business debts and liabilities. However, these two options differ significantly in […]

Posted in Business Law

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