structures

An S Corporation begins its existence the same way that a "C-Corporation" (discussed here) begins its existence -- as a general, for-profit corporation upon filing the Articles of Incorporation at the state level.

IRS Treatment of the One-Member LLC. An LLC with only one member / owner is automatically considered to be a sole proprietorship unless an election is made to be treated as a corporation.

The corporation is America's most popular and oldest form of business entity. As such, corporate statutes have had the opportunity to evolve over the years and have become quite uniform throughout the states. Today, the most popular forms of corporation include the "General-For-Profit Corporation (or, C-Corporation)" and the "S-Corporation."