Question: Create a matrix charting the pro and cons and advantages and disadvantages for the following forms of company organizations: LLC S-Corporation C-Corporation Cost: what are

Create a matrix charting the pro and cons and advantages and disadvantages for the following forms of company organizations:

  • LLC
  • S-Corporation
  • C-Corporation
  1. Cost: what are the comparative costs of setting up?
  2. Ease: what are the relative costs for setting up each?
  3. Termination: what is the state requirement for continuity?
  4. Public Information: how important is it that your personal information is shared or not shared with the public
  5. Risk: what level of liability exists in the operation of the business based on the type of business itself what is the best form to insulate owners from personal liability
  6. Operation: what form best supports the intentions of the owners what is the best control risk balance form of operation
  7. Capitalization: is there a risk of undercapitalization what would be the impact will there be a need to raise capital to avoid increased liability is there a form that makes it easier to raise capital
  8. Selling: if owners wish to sell what form best accommodates that situation
  9. State Taxes: what are the tax liabilities from the state in setting up the business
  10. Expansion: which form provides the greatest flexibility in the event of expansion

Limited Liability Company (LLC)

S-Corporation

C-Corporation

Pros

Cons

Pros

Cons

Pros

Cons

Cost

Ease

Termination

Public Information

Risk

Operation

Capitalization

Selling

State Taxes

Expansion

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