29366cf9_ess_Structure__Ownership_Type__ation_Structure_Considerations_2
[0] Corporation [1] Yes [3] Shareholders are not typically responsible for the debts of the corporation [4] Board of directors, annual meetings and annual reporting required [5] Managed by the directors, who are elected by the shareholders [6] Taxed at the entity level. If dividends are distributed to shareholders, dividends are also taxed at the individual level Federal Taxation [7] Taxes based on business entity income. Responsible parties may have liability for trust fund taxes [2] 
Medium/High
F o r m a t i o n D i f f i c u l t y
L o w
M e d i u m
M e d i u m / H i g h
Access Washington - Determine Your Business Structure (Ownership Type)
2