Compare Business Types
Use this business structure reference chart to compare common business types.
Please use the menu below to select up to four business types to compare.
Choose Business Types
Download in PDF Format
Limited Liability Company
Limited Liability Partnership
Business Formation & Management
State filing (and filing fee) required for creation
Ongoing state filings and fees
Strict ongoing corporate formalities requirements
Flexibility in who manages the business
Limited liability protection
Perpetual duration of the business
Ease of adding owners/transferring ownership interest
Business taxed at entity level