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General Corporation
Corporation [Order]
1. Ownership Shareholders
2. Governance Board of Directors
3. Formation Document Articles of Incorporation
4. Ancillary Document Bylaws
5. Organizer Incorporator
6. Ownership Limitations N/A
7. Limit on Duration None; usually perpetual
8. Free Transferability Yes
9. Liability of Owners None
10. Dissolution if Owner withdraws No
S-Corporation [Order]
1. Ownership Shareholders
2. Governance Board of Directors
3. Formation Document Articles of Incorporation
4. Ancillary Document Bylaws
5. Organizer Incorporator
6. Ownership Limitations
• Entity as Owner
• Non-Resident Alien
• Holding Co. Subsidiary
• Number of Owners

• Multiple classes

a: No

b: No

c: No

d: Limited to a specific number (75)
e: No, limited to 1 class
7. Limit on Duration None; usually perpetual
8. Free Transferability Yes
9. Liability of Owners None
10. Dissolution if Owner withdraws No
Professional Corporation [Order]
1. Ownership Shareholders
2. Governance Board of Directors
3. Formation Document Articles of Incorporation
4. Ancillary Document Bylaws
5. Organizer Incorporator
6. Ownership Limitations N/A
7. Limit on Duration None; usually perpetual
8. Free Transferability Yes
9. Liability of Owners None
10. Dissolution if Owner withdraws No

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