A handy table for explaining the differences between corporations and LLCs

Have you ever wondered “How is a corporation different from a limited liability company, or from a partnership?”

If the answer is *yes* then the Entity Table I created below is for you.  It is not the only source you need to consider when starting a business but it is a solid source of information.

This chart shows some of the distinctions between each type of entity and provides some of the benefits of each.

If you have any questions or need any help with putting something together, let me know, that is what I do. You can email me at sjr@shawnjroberts.com.

EntityTable2

 

Posted by Shawn Roberts

On this blog, I write about and try to answer practical Oklahoma legal questions. My focus and most experience is in estate planning and business issues including Oklahoma non-compete law. I make a living as an attorney in the law firm I founded, Cazes Roberts, PLLC in Oklahoma City. I live in Edmond with wife Amy and my two children, Sam (17) and David (9). We live precisely in the path of where the "wind comes sweeping down the plains."