Types of U.S. Tax Entities and Characteristics

Types of tax entities in the U.S. and characteristics. As of 2025. For help getting started, the first entity is a sole proprietorship then get bigger ending at C-Corp.

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Last updated: May 4, 2025

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First submitted	May 4, 2025
Times taken	3
Average score	45.0%
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Type of Entity	Taxed Where?	Liability	Owner Limitations
Sole Proprietorship	Schedule C	Unlimited	One Person
Partnership	1065 (flow thru)	Joint & Several	2+ people
LLC	Default flow-thru	Limited	Flexible
S-Corp	1120-S	Limited	Less than 100 shareholds
C-Corp	1120	Limited	Unlimited