Comparison Chart

The following table provides a look at how corporate entities compare with a Limited Liability Company. Tax comparisons can be found in the lower portion of the table.

	C-Corp	LLC	S-Corp
Type of Ownership	Stock, there may be different classes.	Membership interests. There may be different classes of membership.	One class of stock. Which may be voting or non-voting.
Eligible Owners	No restrictions.	No restrictions.	75 shareholder limit. No non-individual and no non-resident alien shareholders
Management	Managed by director(s) and officer(s).	Managed by all members or designated manager(s).	Directors and officers.
Allocations of Ownership	None. Dividends must be paid based upon stock ownership.	Permitted if the allocations have substantial economic effect.	None. Income, gain, and loss pass through to the shareholders based on the percentage of shares owned.
Liability of Owner	There is limited liability for shareholders, officers, and directors.	There is limited liability for owner(s) and manager(s).	There is limited liability for shareholders, officers, and directors.
Duration	Indefinitely.	Dissolves at the time specified in the Operating Agreement or upon the loss of a member unless other members agree to continue.	Indefinite.
Transfer of Ownership	Shares freely transferred.	There may be restrictions under certain state laws.	Shares can be transferred only to eligible S corporation shareholders
Meetings can be held anywhere	Yes	Yes	Yes

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