Legal structure classification based on whether the underlying legal entity of the Company is a Corporation, Limited Liability Company, Non-Profit, or Partnership.
- Limited Liability Company (LLC) - Flexible structure with liability protection and tax flexibility.
- Corporation - Formal structure with shareholders, directors, and officers.
- Partnership - 2+ owners share profits/liabilities.
- Non-Profit Corporation - Organized for charitable/educational purposes.
- Non-Profit Organization (NPO) - Includes non-incorporated associations and trusts.