A limited liability company (LLC) is a corporate structure in the United States whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship
A professional limited liability company, or PLLC, is a type of limited liability company that is owned and operated by members of the same profession and can only offer services related to its profession (i.e. Doctors, Lawyers, etc.).
A corporation is a legal form of business that is separate from its owners (shareholders).
The basic corporate structure consists of the shareholders, board of directors, and officers. The shareholders are the investors and people who actually own the company. They purchased the stock and legally own the assets of the business. A corporation can be a C-Corporation or S-Corporation. The biggest difference between other legal entities and a corporation is the way they are taxed. Corporations are taxed as separate entities & therefore you can be "double" taxed: once for personal gains and once for corporate gains.
A nonprofit organization is a business that has been granted tax-exempt status by the Internal Revenue Service (IRS) because it furthers a social cause and provides a public benefit. Donations made to a nonprofit organization are typically tax-deductible to individuals and businesses that make them, and the nonprofit itself pays no tax on the received donations or on any other money earned through fundraising activities. Nonprofit organizations are sometimes called NPOs or 501(c)(3) organizations based on the section of the tax code that permits them to operate.
A person who is the exclusive owner of a business, entitled to keep all profits after tax has been paid but liable for all losses. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name
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Market Advantage, LLC is not a bank.