Types of Business Entities
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Features / Entity | LLC | Series LLC | C Corp | S Corp | LP |
To hold real estate |
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100+ owners |
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One owner permitted |
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Pass through taxation |
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Publicly-traded |
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Offer employee benefits |
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Non-US-citizens/residents |
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Flexible tax year end |
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Abbreviations:
LLC = Limited Liability Company
C Corp = C corporation (a general purpose corporation with few restrictions)
S Corp = S corporation (an S corporation is an IRS designation. Fill out form 2553.)
LP = Limited Partnership