Types of Businesses

What Are the Differences Between a LLC, Corporation & Sole Proprietorship?

The business structure you select influences the paperwork you need to file, your ability to raise money, how much you pay in taxes, your personal liability and more. You want to choose carefully. For only $145 + state filing fees, Launch by LegalShield connects you with an experienced lawyer that will help you select the right business structure, as well as create and file all the necessary paperwork.

Launch Your New Business for Success

While you may convert to a different business structure in the future, there may be restrictions based on your location. This could also result in tax consequences and other complications. Consulting with a LegalShield small business lawyer can set you up for success from the start.

Business Type Comparison Chart

LLC

Corporations

Sole Proprietorship

LLC

Corporations

Sole Proprietorship

Legal plan comparison
Tax Implications
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Tax Implications
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See What Our Customers Say

  • Dear LegalShield, I am writing you this letter to say thank you for all of your assistance. I am a professional photographer by trade and I have used LegalShield for everything from trademarking advice to collecting outstanding debts from clients. All in all, I can't believe the help and advice that I have received for such a reasonable fee, the service has more than paid for itself and it is priceless to have someone that I can talk too fast with knowledgeable legal advice.
    Al S.
    Texas Member
    Dear LegalShield, I am writing you this letter to say thank you for all of..
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    I appreciate all the help and support I had in developing my LLC. It was great to have an organization that took me from start to finish with registering my name and my business in the state of Washington. They answered questions quickly and efficiently and I couldn’t be more pleased.
    Theresa O.
    Washington Member
    I appreciate all the help and support I had in developing my LLC. It was gr..
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    My experience with LegalShield has been awesome and I could not be happier about my decision years ago to become a member. The process to get my LLC launched was seamless and extremely easy. They treated me with utmost respect and dignity throughout the process as well as keeping me informed of the status of my launch process. A heartfelt thank you for helping me make a lifelong dream of becoming a business owner come true.
    Dimitri V.
    Arizona Member
    My experience with LegalShield has been awesome and I could not be happier..
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How LegalShield Works

Finding solutions to your legal issues doesn’t have to be stressful, complicated, or expensive.


LegalShield puts the power of legal representation within reach of any individual, family, or business. We work hard to make it easy, simple, and affordable to get the legal help you need, when you need it.

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