English
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We know how important it is to know everything about the different business types in the United States.
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Inc is an abbreviation for Incorporation and Corp is an abbreviation for Corporation, both are acronyms used when forming a C-Corp or S-Corp, and there is no difference between the two in terms of their legal and tax structure, however they are not interchangeable. Once a corporation is incorporated as an INC or CORP, it must abide by this choice.
The S-Corp are taxed in a similar way to an LLC. It means these are taxed in a personal capacity and their value is calculated depending on the profits of the company distributed among the partners according to their share ownership. For more information click here.
The assets of the LLCs, C-Corps and S-Corps are separated from the personal assets of the partners. This means that if there was a lawsuit against the company, it would be solely responsible, so that the company’s assets would be the only ones attacked, and not those of the partners.
When forming an LLC or a C-Corp, the parterns may be foreigners. There is no requirement that these types of business must have at least one American partner. But the partners of an S-Corp must be american resident.
Any shareholder of an S-Corp must be an American resident.
Not necessarily. This type of company is stipulated for small, medium or large companies without any limit of partners.
