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
- Cost: what are the comparative costs of setting up?
- Ease: what are the relative costs for setting up each?
- Termination: what is the state requirement for continuity?
- Public Information: how important is it that your personal information is shared or not shared with the public
- 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
- Operation: what form best supports the intentions of the owners what is the best control risk balance form of operation
- 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
- Selling: if owners wish to sell what form best accommodates that situation
- State Taxes: what are the tax liabilities from the state in setting up the business
- 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 |
|
|
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
