List the pros and cons for LLCs, S-Corporations, and C-Corporations by answering the ten (10) questions below

1. Cost: What are the comparative costs of setting up each form?
2. Ease: What is the relative ease for setting up each form? What steps are required?
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: Differentiate the levels of personal liability that exist for owners in each form of a business. What form provides the best protection to insulate owners from personal liability?
6. Operation: What form provides the best support and control risk balance for the primary owner's business and management intentions?
7. Capitalization: Is there a risk of undercapitalization? If so, what impact will it have on a start-up business? What circumstances trigger the need to raise outside capital to avoid increased liability? Is there a company form that is more conducive to raising capital? How is that accomplished?
8. Selling: If owners wish to sell their interest in a company, what form best accommodates that situation?
9. State Taxes: What are the tax liabilities from the state in setting up the business for each form?
10. Expansion: Which form provides the greatest flexibility in the event of expansion?

Note: Entries must be complete sentences that fully explain the definition of each entry. All subquestions must be answered.