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In this article you will find the four most common forms of business, along with their respective pros and cons. If you have any questions, refer to this Agents and Corporations, Inc. page about business formations in Delaware, Florida and Nevada.

Business Formation Type: General Partnership
Specifics:
Cost of Formation: $0.00
Duration (Life): Terminates with the death/withdrawal of a partner
Liability: Partners are each 100% liabile
Pass-Through Loss or Income: Yes

Business Formation Type: C-Corporation
Specifics:
Cost of Formation: State filing fee is required
Duration (Life): Perpetual
Liability: Stockholders are usually not liable for the debts and expenses of the company
Pass-Through Loss or Income: No

Business Formation Type: S-Corporation
Specifics:
Cost of Formation: State filing fee is required
Duration (Life): Perpetual
Liability: Stockholders are usually not liable for the debts and expenses of the company
Pass-Through Loss or Income: Yes

Business Formation Type: LLC (Limited Liability Company)
(For other types of LLCs, visit this site about registering companies).
Specifics:
Cost of Formation: State filing fee is required
Duration (Life): Depends on the state of formation
Liability: Members are usually not liable for the debts and expenses of the LLC
Pass-Through Loss or Income: Yes