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Setting Up A Corporation

Business Evaluation Criteria Sole Proprietorship General Partnership LLP LLC S Corp C Corp
Liability protection from business debts No No Low Very High High High
Company Name Protection No No Yes Yes Yes Yes
Easy To Maintain Yes Yes Moderate Moderate No No
May Be Owned By Another Company No Yes Yes Yes No Yes
May Issue Shares of Interest No No Yes Yes Yes Yes
Tax Benefits Low Low Low High + High Very High
Double Taxes On Dividends No No No Maybe No Yes
Unlimited # of Owners No Impractical Impractical Yes Controlled by Law Yes
Non-US Owners Allowed Yes Yes Maybe Maybe No Yes
Personal Thoughts
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We wish everyone in America had the means to obtain the knowledge that Attorney Lee Phillips is attempting to impart in the Accumulation and Preservation of Wealth course. We are thankful that there is a legal system that is designed to protect people’s assets, no matter how little or how much.
~ Ed, Dallas Texas