An LLC, or Limited Liability Company, is a flexible business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. This means owners (called members) are not personally liable for company debts or liabilities. LLCs are easy to set up and maintain, offering operational flexibility and fewer formalities compared to corporations. They are ideal for small to medium-sized businesses looking for liability protection and tax efficiency.

A C Corporation (C Corp) is a separate legal entity that provides limited liability to its shareholders, protecting their personal assets from business liabilities. It allows for issuing stock, attracting investors, and potentially lowering tax rates on retained earnings. The main advantage of a C Corporation over an LLC is its ability to issue stock, which makes it easier to attract investors and raise capital. Additionally, C Corporations can have more complex management structures and may offer specific tax benefits, such as potentially lower tax rates on retained earnings

An S Corporation (S Corp) is a type of corporation that combines the limited liability protection of a C Corporation with the tax advantages of pass-through taxation, similar to an LLC. It allows profits and losses to be passed through to shareholders, avoiding double taxation on corporate income. S Corps are ideal for small businesses looking for tax flexibility and shareholder protection, with specific ownership and operational requirements to maintain their status