Understanding the types of US Entity Tax Structures
- Jeremy Crooks
- Jun 28
- 1 min read
When considering establishing a US entity, it is essential to understand what type of entity best suits your personal and business plans. This includes considering how your business wishes to be treated for tax. The follow videos provide a high level summary on the key differences between an LLC and a Corporation.
Limited Liability Company
A limited liability company is similar to an Australian Pty Ltd company. It is often the most simple and cost effective type of US company to set-up and maintain.
Corporation
A corporation is good for owners who wish to raise capital for this business. For US tax purposes a corporation is its own entity and files its own tax return separate to the owners of the corporation.
If you wish to discuss your business plans and the best type of business structure for you, contact Gingerbread Tax for a no obligation consultation.
Comments