What Are the Different Types of Corporation Filings?
There are several types of corporation filings available, both internationally and in the United States (US). In the US, corporations may be filed as a C Corporation, S Corporation, limited liability company (LLC), or non-profit corporation. Corporations in Great Britain are similarly formed as legal entities with limited liability and will often be designated with “Ltd” in the name. C Corporations are the most traditional of corporation filings in the US. Stocks are issued to the corporation owners who are called stockholders or shareholders. Shareholders elect board members to set policy. The board members appoint or hire officers to carry on the day-to-day business. Shareholders participate in the profit of the business but are limited in loss to what they have invested.
