In a corporation, the business entity is separate from its owners, offering limited liability protection, and is taxed independently at the corporate level.

LPs have general partners who manage the business and non-managing limited partners with liability protection.

LLPs offer liability protection to all partners, regardless of management role.

LLCs protect business owners' liability while allowing profits and losses to be reported on personal tax returns.

A PLLC is a business structure for licensed professionals that offers limited liability protection.

Nonprofits are organizations created for charitable, religious, educational, or other purposes. They often qualify for tax-exempt status and do not benefit members financially.

A business trust transfers business ownership to a trustee, who manages beneficiary assets. Often used for estate planning, tax benefits, and liability protection.

A benefit corporation is a for-profit company that legally commits to creating a positive social and environmental impact while also pursuing profits.

A cooperative association is a business owned and operated by its members to meet common needs, such as broadband access or agricultural product sourcing.

A voluntary association must register with the Secretary of State, whether for profit or not. This includes churches, political parties, neighborhood groups, and more.