QUESTION
Hello, I am starting a business and I'm trying to file the business under an LLC but, I do not know which category to file under.
Asked on Jun 14th, 2014 on Business Law - Virginia
More details to this question:
We are selling manufactured goods/products in the United States and we aren't sure which category under an LLC to go under whether it's a c-corp or s-corp, etc
1 ANSWER
C-corps and s-corps are not different categories of LLC's. An LLC, a c-corp., and an s-corp. are three different types of business entities. An LLC is a limited liability company, while s-corps and c-corps are corporations, both of which have size and other restrictions on their ownership. I think you'd be well advised to consult an accountant and/or an attorney.
Answered on Jun 16th, 2014 at 6:16 PM