- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Uncover In-Depth Information on
Business Entities
Business Filing Records - Verify and Validate with Confidence
Learn about any business's organizational structure and other critical details, including:
Registered Individuals - Know Who's Behind the Business
Knowing who is in charge of a business can help you understand its strategy and future growth potential. Our Registered Individuals Search Tool provides in-depth reports on the people with real power in the company.
Contact Details - Connect with Key Decision-Makers
A Contact Details Search shows the most direct and reliable method for reaching specific people in a company. You'll get immediate answers by going to the right people.
Trademarks & Patents - Uncover a Company's Intellectual Property
Knowing what intellectual properties a company controls will provide insight into its resources, branding, and future potential. Our Trademarks & Patents Search finds all of an organization's registered assets to speed up your research.
Court Cases & Legal Filings - Assess a Company's Legal History
Assess a company's legal record to understand the potential risks associated with its operations and how it handles them. Running a Court Cases and Legal Filings Search shows all past and ongoing disputes.
UCC Filings - Uncover Business Liens & Financial Obligations
Discover Uniform Commercial Code (UCC) filings, which show a creditor's attachment to business assets. These files provide insight into the organization's financial stability through their standing debts and resulting risk.
What are the different types of
business entities in the United States?
Business Structure | Description | Liability | Taxation |
---|---|---|---|
Sole Proprietorship | The business is completely owned by an individual, allowing for easy decision-making. | The business owner assumes all liability for debts and damages incurred. | Business income is added to the owner’s personal tax return and taxed at the individual rate. |
Limited Liability Company (LLC) | Creates a separate entity for the business, protecting the owner from business-related damages. Suited for small businesses. | Liability is restricted to the LLC rather than the owners. Business assets and income can be seized, but not personal assets. | LLC is considered a "disregarded entity." Profits are reported and taxed on owners’ returns. LLCs can opt to be taxed as a corporation. |
S Corporation | Creates a separate business entity. Limited to 100 shareholders. Cannot be owned by another LLC entity. | S Corp assumes liability as a separate entity. Owners and shareholders cannot be held liable. | Treated as a "disregarded entity" and passes profits and losses to shareholders for individual taxes. |
C Corporation | Separates the business from its owners and shareholders. No limit on the number of stock shareholders. Higher taxes and costs. | Business liabilities are restricted to the C Corp and cannot be extended to owners or shareholders. | A C Corp must file income taxes as its own entity. Owners and shareholders also report dividends, leading to a double tax. |
General Partnership (GP) | Business ownership is split between multiple people. | Partners are individually liable at an uncapped rate. Any partner can be sued or have personal assets seized to cover debts. | Partners report their profits or losses on their personal tax returns but do not report other partners’ information. |
Limited Partnership (LP) | Business ownership is split between at least one general partner and other limited partners. | General partner(s) maintain unlimited liability while limited partners only lose up to their investment. | Income is reported on each partner’s tax return at the individual rate. |
Nonprofit Organization | A tax-exempted organization managed by a board. Founded to advance a socially beneficial cause and not for profit. | Board members protected against liability if acting in good faith. Damages often covered by insurance. | Most apply for federal tax exemption but still must report finances to the government. |
Cooperative | A Credit Union owned by members, offering banking services and loans at favorable rates to members. | Members all share limited liability based on their investment. | Operational earnings are taxed at the member level on individual returns. |