What is the difference between Incorporation and LLC

	LLC	S Corporation	C Corporation
Ownership	Has members, no Limit	Only 1 class of stock; limited to 100 shareholders	No Limitation
Personal Liability Protection	Yes	Yes	Yes
Income Tax	Taxed depending on the type selected (pass through shareholder if S Election)	Profit and Loss is passed through to Shareholder	Shareholders taxed on dividends; Corporation taxed as a separate Entity.
Start up Documents Needed	Articles of Organization, Operating Agreement	Articles of Incorporation, Stock Certificates, Ledger, Bylaws and Resolutions	Articles of Incorporation, Stock Certificates, Ledger, Bylaws and Resolutions
Cost and Administration	$145 + filing fee Simple	$245 + filing fee Updated corporate books and keeping minutes required	$245 + filing fee Updated corporate books and keeping minutes required

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FAQs - INC

What is the difference between Incorporation and LLC
Benefits of using Registered Agent Services
What is a statutory close corporation?
Does the Corporations Division have phone numbers for corporations or for their officers or register
How do I apply for IRS Federal tax exemption as a charitable organization?
How do I obtain an EIN (Employer Identification Number) for my corporation?
How does an administratively dissolved corporation " fix" the problem?
How does administrative dissolution occur?
What does administrative dissolution mean?
If I incorporate, can I still be sued personally?
How many officers must a corporation have?
Is there a minimum age for officers of a corporation?
Are the shareholders or owners of a corporation listed with the Secretary of State?
Are a corporation's bylaws filed with the Secretary of State?
How do I change my articles of incorporation?
Are corporate trade names registered with the Secretary of State?
What does issuance of a name by the Secretary of State mean?
If I incorporate, will anyone else be able to use my name?
How can I change the registered agent of my corporation?
What is the "registered agent" of a corporation?
When a foreign corporation that has obtained a certificate of authority no longer transacts business
How does an out-of-state corporation obtain a certificate of authority and is there a fee?
What happens if an out-of-state corporation should file with the State, but does not?
Is an out-of-state corporation required to file with the state of Georgia?
What does O.C.G.A mean?
When must registration (renewal) be filed?
What is the purpose of an annual registration (renewal)?
How long does it take to complete a filing?
Should I incorporate my business?
What types of entities are there?
How do I change an officer(s) of a corporation?
How do I change a corporation's (or other entity) address?

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FAQs - INC