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Business

Business Set Up & Incorporation:

	Sole Proprietorship	General Partnership	Limited Partnership	C Corporation
Limited Liability	No	No	Yes	Yes
Pass-through Tax Treatment 3	Yes	Generally yes	Generally yes	No
Difficult to Form/Maintain	No	Not very	Not very	Yes
Continuity of Life	No	No	No	Yes
Centralized Management	Yes	Generally no, but partners can elect a committee of managers	Yes	Yes
Interests Freely Sold/Transferred	Yes 5	Generally no	Generally no	Yes
Available in All States	Yes	Yes	Yes	Yes
Minimum Number of Owners	One	Two	Two	One
	S Corporation	Limited Liability Company (LLC) 1	Limited Liability Partnership (LLP)
Limited Liability	Yes	Yes	Yes
Pass-through Tax Treatment 3	Generally yes	Yes	Yes
Difficult to Form/Maintain	Yes	Somewhat	Somewhat
Continuity of Life	Yes	State law may limit LLC life to a set number of years 4	No
Centralized Management	Yes	Generally yes, since members can elect a committee of managers	The partnership agreement can centralize management
Interests Freely Sold/Transferred	Not to ineligible S shareholders	Yes, but transferee often has more limited rights unless all other members approve of a sale/transfer	No
Available in All States	Yes	Yes	No
Minimum Number of Owners	One	Generally two	Two

1. Assumes that the LLC opts for tax treatment as a partnership.
2. Limited liability is available only to the limited partners.
3. In certain circumstances, partnerships and S corporations may be taxed at the entity level.
4. Generally, termination dates for LLCs provided for under state law may be overridden in the LLC agreement.
5. Sole proprietor sells business assets rather than an interest in a business entity.

Business Incorporation


Proposed Name	:	1.	2.
Address	:
County	:			School District	:
Type of Entity	:

Registered Agent : Mukesh Mahajan

Shareholders/Partners


Name	SSN	SHARE %
1.		%
2.		%
3.		%
4.		%
Address
1.
2.

Principal Activity


Number of employees expected in next twelve months:
First date wages will be paid:
Has the applicant ever applied for ein:		Yes No
If yes provide date and EIN:
Name of principal officer:
Phone1:	Day
Phone2:	Evening
Email Address: