C corporation: This is the default corporation status with unlimited shareholders but double taxation and formation fees. S corporation: An S corp is a corporation that operates as a pass-through ...

To qualify your business as an S-corporation, you have to file Form S-2553-Election by a Small Business Corporation with the IRS. S-corporations differ from ordinary C-corporations in a few ways ...

The best states to form an LLC in are Wyoming, Delaware and Nevada due to their flexible laws, minimal taxes and privacy benefits.