What type of company should I setup?
When our field of interest and main subject is startup and entrepreneurship, it is not difficult to predict the type of company we are interested in, but if we need to pass over for information purposes, the types of companies in the USA are
To briefly mention these company structures;
S-Corporation: The founding partners of their companies must be US citizens.
C-Corporation: It is the type of company that can be established remotely without a US citizen. Shareholders of the C-Corporation company type must pay sales tax at the individual and company level. This company type has different taxation models at the federal level and the established state level. C-corp type company can be preferred in more serious projects, for example, if you have a business model that will be valued in the future where you are planning to invest, you can choose C-corp. If you do not have such a situation, LLC is the best choice.
Nonprofit : As the name suggests, it is a structure used for non-profit organizations. Since it has little to do with entrepreneurship, there is no need to dwell on it.
LLC : LLC is short for Limited Liability Company. It is a business structure used to protect the founder’s personal assets. It is currently the most preferred type of company for entrepreneurs, especially when it is established individually without a partnership.
All articles on this website will be about a sole proprietorship (individual) LLC company. So you will see the word LLC a lot here.