Incorporation

Incorporation

A corporation is a legal entity that is separate and distinct from its owners. The primary advantage of forming a corporation is liability protection. There are two basic types of corporations:

C Corporation

Definition
Formation
Management and Control
Liability
Transferability
Continuity
Taxation
Advantages
Disadvantages


S Corporation

Definition
Formation
Management and Control
Liability
Transferability
Continuity
Taxation
Advantages
Disadvantages