Combine the structure of a corporation with the flexibility to run the business your way, but you’ll need to follow some rules to keep your tax status.
You can have up to 100 owners, but they all need to live in the U.S., which limits who can invest in your company.
Lets profits pass directly to owners to avoid being taxed twice, and provides advantages for managing taxes on salaries and dividends.
Keeps shareholders’ personal money and belongings safe from company debts and legal problems, protecting their personal wealth.
S-Corps must meet strict IRS rules on shareholders, operations, and financial reporting to keep their special tax status.
Can raise funds through one type of stock and loans, but has some limits compared to C-Corps.
Ideal for small to medium businesses that qualify with the IRS and want tax benefits without the complexity of a C-Corp.
We provide comprehensive support for all your business needs, from formation to taxes.
For most US LLCs, the answer is now none. Under a FinCEN rule effective March 2025, all entities formed in the United States — including LLCs owned by non-US residents – are exempt from filing beneficial ownership information (BOI) with FinCEN. The federal requirement now applies only to companies formed under foreign law that register to do business in a US state. A few US states have separate transparency filings, so confirm your formation state. (Current as of June 2026; FinCEN’s rule is interim and we monitor for changes.)
FinCEN opened BOI reporting on January 1, 2024. However, under the rule effective March 2025, US-formed entities — including non-resident-owned LLCs — are now exempt from filing. (Current as of June 2026.)
No, a sole proprietorship is not considered a reporting company unless it was formed by filing a document with a secretary of state or similar office. Simply obtaining an EIN, registering a business name, or getting a license does not make it a reporting company.
A beneficial owner is anyone who directly or indirectly owns or controls at least 25% of the company’s ownership interests or has significant control over the company.