Comparing Business Entity Types: Which is Best for Your Business?
Which entity type is best for your business? The answer to this question depends on your current business status, your business goals, and the best way to maximize tax savings. The answer can also change depending on where your business is at in terms of growth. For example, as you launch a new business, one entity type may be best, like an LLC. After several years of operations, however, another entity type, like a C-corporation, may be a better choice.