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Types of Businesses and Incorporated Legal Entities

An S Corporation is an incorporated business structure that is formed in such a way as to comply with sub-chapter S of the Internal Revenue Code. Limited to 100 shareholders in most states, the S Corporation provides for the limited liability of a standard Corporation, and couples it with the pass-through taxation of a partnership.…

What is Incorporated Business? Webopedia Definition

An incorporated business (also called a corporation) is a type of business that offers many benefits over being a sole proprietor or partnership, including liability protection and additional tax deductions. Forming a corporation also allows you raise capital through sale of shares of your company.…