What is the Most Popular Form of Business Entity Today?

What are the Advantages & Disadvantages of Each Type of Entity
What are the Advantages & Disadvantages of Each Type of Entity
September 6, 2017
Is it Better to Form an LLC or an S Corporation?
Is it Better to Form an LLC or an S Corporation?
September 7, 2017
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What is the Most Popular Form of Business Entity Today?

What is the Most Popular Form of Business Entity Today?

The most popular form of business entity today is the limited liability company (LLC).  Like a corporation, it offers personal liability protection for its owners. But for income tax purposes, it is treated like a sole proprietorship if there is one owner or like a partnership if there are two or more owners (the LLC can opt for C or S Corporate tax treatment but this is seldom done).

The S corporation is another popular entity choice, offering personal liability protection and pass-through income tax treatment for owners.