iQoncept - Adobe StockMany startup businesses are started as one of three business entities: a Limited Liability Company (LLC), an S corporation, or a C corporation. Governance: An S corporation must have a Board of Directors, which oversees and governs the corporation. An S corporation must have a Board of Directors, which oversees and governs the corporation. Classes of stock: S corporation shareholders can only own common stock. If I start my business as an S corporation, can I easily convert it to a C corporation?

Source: Forbes July 06, 2021 15:56 UTC