Friday, August 7, 2009

Choosing the Best Entity for You - Difference Between S Corporations and C Corporations

Difference between S Corporations and C Corporations

Both S and C Corporations allow for limited liability of the shareholders, officers and directors. C Corporations have no limitations as to the number of shareholders. In addition, shareholders do not need to be residents or citizens of the U.S. In addition, C Corporation shareholders can be any type of business entity. In contrast, an S Corporation limits the number of shareholders to 75. An S Corporation may not have non-resident alien shareholders and only individuals, estates or certain types of trusts can be granted shareholder status. Global Business Lawyers Nevada Business Lawyers Lovaas & Lehtinen, P.C.

Disclaimer: This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship. If you have questions or need specific advice relating to the matters contained herein, please contact Lovaas & Lehtinen, P.C.

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