Business Entity Comparison Chart

Compare and contrast the different types of business entities—sole proprietorships, partnerships, S corporations, and C corporations—with our detailed comparison chart. This guide covers key aspects such as accounting requirements, liability, taxation, and eligibility for fringe benefits. Designed to help business owners understand the implications of each entity type, this resource provides crucial insights for choosing the right structure for your business needs and goals. Perfect for new entrepreneurs and seasoned business owners looking to optimize their business setup.

Highlights:

• Accounting Requirements: Understand the bookkeeping needs for each entity type, from simple accounting for sole proprietorships to double-entry bookkeeping for corporations.

• Liability: Learn about the personal liability implications, including limited liability protection for LLCs and corporations.

• Taxation of Profits: Discover how profits are taxed under different entities, including self-employment tax and corporate tax rates.

• Eligibility for Fringe Benefits: Explore the availability of tax-deductible benefits like health insurance and retirement plans for different business structures.