Did you know that the United States offers 27 distinct types of legal entities for businesses?
European companies looking to establish a presence in the U.S. often choose between the two primary types of American business entities: the “corporation,” marked by INC, and the “Limited Liability Company,” or LLC.
Exploring the Variety of U.S. Business Forms
Out of the 27 available options, 15 are specifically geared for businesses. The choice of legal structure for your venture in the U.S. is influenced by various criteria such as the nature of the business activity, underlying financial capacity, number of partners or shareholders, and growth and development prospects. It’s important to note that legal structures can also differ by state.
- For Profit Corporation / C-Corp (INC)
- SubChapter S Corporation
- Non Profit Corporation
- Limited Liability Company (LLC)
- Limited Partnership
- Limited Liability Partnership
- Limited Liability Limited Partnership
- General Partnership
- Family Limited Partnership
- Investment Club LLC
- Dual Class Limited Liability Company
- Special Purpose LLC for Self-Directed IRA Account
- Special Purpose LLC for Self-Directed 401(K)
- Professional Service Corporation
- Professional Service Limited Liability Company
- Limited Liability Partnership for Professional Services
- IC-Disc Corporation
- Non Profit 501(a) Corporation
- Non Profit 501(c)(3) CorporationSeries LLC
- Series – Special Purpose LLC for Self-Directed 401(K)
- Series – Special Purpose LLC for Self-Directed IRA Account
- Series Dual Class LLC
- Medical Marijuana Patient Collective
- Customized Publication Saver Company
- Anonymous Limited Liability Company
- Tax-Free Ownership Trust For Corporation Or LLC
- Sole Proprietorship / Solopreneur / Solo-Entrepreneur
“It depends…” is the most frequent response from attorneys when asked which legal structure is best. This is because every business is unique.
The above overview serves as a general guide for informational purposes only, and no rights can be derived from it. We invite you to contact us for a complimentary consultation. Based on your personal situation, we can collaborate with an attorney and an accountant to determine the most suitable solution.
Conducting serious business in America entails establishing your own U.S. office. To project yourself as a reliable partner, establishing a “local presence” is crucial. While remote and flexible work arrangements are common today, having a physical address is still important.
As a serious enterprise, you’ll likely adopt a legal structure, often an INC or sometimes an LLC. If you acquire a company in America, you’ll inherit that legal structure or modify it to fit your specific fiscal and legal circumstances.
We’re delighted to offer you personalized advice.
What’s the best solution? Let’s start by scheduling a no-obligation consultation!
Schedule a TEAMS video call at your convenience.
Contact us by phone at 035-3690787 or email at info@vanhollandgroup.nl
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