Choosing an Entity Comparison Chart (IL) | Practical Law

Choosing an Entity Comparison Chart (IL) | Practical Law

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Choosing an Entity Comparison Chart (IL)

Practical Law Checklist w-000-0086 (Approx. 26 pages)

Choosing an Entity Comparison Chart (IL)

by Practical Law Corporate & Securities
Law stated as of 22 Aug 2023Illinois
A comparison chart that highlights the various structure, liability, and management differences among C-corporations, S-corporations, limited liability companies (LLCs) (including series LLCs), general partnerships (GPs), limited partnerships (LPs), limited liability partnerships (LLPs), and limited liability limited partnerships (LLLPs) in Illinois. It discusses ownership requirements, forms of equity, formation and governing documents, liability, management, fiduciary duties, distributions, and other important considerations.