• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar

Before Header

  • Facebook
  • LinkedIn

Hood Venture Counsel, P.C.

NYC Corporate Law

  • Home
  • Attorneys
    • Jonathan L. Hood, Esq.
    • Benton J. Levy, Esq.
  • Services
    • Contract Preparation/Review
    • Terms of Service and Privacy Policy
    • Entity Formation
    • Trademark Application
    • Copyright Application
    • Compliance
    • Not-for-Profits
    • Investment
    • Concierge General Counsel
  • Contact
  • Disclaimer

Mobile Menu

  • Home
  • Attorneys
    • Jonathan L. Hood, Esq.
    • Benton J. Levy, Esq.
  • Services
    • Contract Preparation/Review
    • Terms of Service and Privacy Policy
    • Entity Formation
    • Trademark Application
    • Copyright Application
    • Compliance
    • Not-for-Profits
    • Investment
    • Concierge General Counsel
  • Contact
  • Disclaimer

LLC vs. S-corp vs. C-corp

April 16, 2015 //  by Jim Hood

Lots of startups wonder about the advantages of an LLC vs. an S-corp vs. a C-corp. There’s no doubt that it’s an important question, but the answer depends in large part on what you’re looking to accomplish. If you’re looking to take funding, chances are you’ll want to go with a C-corp as that’s what a lot of investors prefer. If you don’t want to deal with the red tape inherent in a corporate structure, an LLC makes sense.

The difference between an S-corp and a C-corp is that a C-corp is taxed as a corporation while an S-corp is a “pass through entity,” meaning that the taxes are passed through to the shareholders. An LLC is also a pass-through entity; members of an LLC are essentially taxed as a sole proprietor (if only one member), or a partnership (if more than one member).

Of course, the decision of what corporate structure to choose for your startup is extremely important and one that shouldn’t be made on the fly. Be sure to speak with an experienced startup or small business lawyer who can help you navigate the decision of whether to form an LLC, an S-corp, or a C-corp.

Here’s a video from our friends at (and featuring yours truly) that breaks it down:

Category: blogTag: C-corp, c-corporation, corporate structure, corporate taxation, corporation, LLC, s corporation, S-corp

Previous Post: « Terms and Conditions vs. Privacy Policy: What’s the Difference?
Next Post: Using a Bad Contract Template »

Primary Sidebar

Recent Posts

  • Ten Common Startup Business Mistakes to Avoid
  • The Latest on Legalized Cannabis in New York and What It Means for Your New Cannabis Business
  • Trademarks 101 – What You Need to Know About Getting a Trademark
  • C-Corp, S-Corp, or LLC? Choosing the Right Structure for Your Business
  • Six Things You Need to Know Before Starting Your Own Business

Tags

American Civil Liberties Union (ACLU) Americans With Disabilities Act (ADA) apple arbitration bank of america civil rights class action compliance contracts corporate structure corporate taxation corporation criminal justice discrimination ea sports Electronic Frontier Foundation (EFF) employee employment employment law entrepreneur entrepreneurship Facebook federal trade commission (FTC) Fourth Amendment Gawker gay rights Google hurricane sandy injunction intellectual property law enforcement LLC national football league (NFL) New York City NYPD privacy same-sex marriage s corporation settlement smartphones sports law stop-and-frisk terms of service Terms of Use U.S. Supreme Court
  • Practice Areas
  • Attorneys
  • Success Stories
  • Blog
  • Privacy Policy

Site Footer

Hood Venture Counsel, P.C.

43 W. 43rd Street, Suite 107, New York, NY 10036

Copyright © 2021 · Hood Venture Counsel, P.C. · Web Design by: WarMarks