Business Entity Classification

Corporation

• Private company
• Public company
• Non-profit
  • 501(c)(3)
• For profit
  • Flow-through entity
    • LLC
    • Low-profit limited liability company
    • Partnership
      • Limited Partnership
      • Limited Liability Partnership
      • Limited liability limited partnership
      • General Partnership
    • Sole proprietorship
      • Trade name (DBA)
    • S corporation

Multiple Entities

• Holding company
• Parent company
• Subsidiary
  • Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary will be required to follow the laws where it is headquartered and incorporated. It will also maintain its own executive leadership.
• Corporate group

Multi-national corporation

Unincorporated association

Cooperative

Labor union

Benefit corporation