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Business Types 101

Learn the pros and cons of the 5 different business types to find the one that's right for you.​

Business type

LLC

S corporation

C corporation

Nonprofit

How it's unique

Better for max flexibility in how you manage and run your business; board of directors not required

Unlimited owners (aka"members") allowed

Better for smaller corporations

100 shareholders max

Owners can only get common stock

Best if you plan to go public one day; can issue shares to founders, employees, and investors

 

Unlimited owners

(aka "shareholders") allowed

 

Owners may get preferred stock 

 

Recognized internationally

Preferred by investors

Best if you're supporting a good cause and want to protect your personal assets

No owners; you can start or oversee a nonprofit, but you can't technically own it

Looks more official to potential donors

Gives you access to public and private grants

Protections & taxation

You're not personally on the hook for business liabilities

 

Taxed once or twice; you're free to choose which can help minimize taxes

You're not personally on the hook for business liabilities

Taxed once—only shareholders pay on profits received

You're not personally on the hook for business liabilities

Taxed twice—business pays at the corporate level, and shareholders pay on income received

You're not personally on the hook for business liabilities

Tax exempt—if you have 501(c)(3) status with the IRS

Drawbacks to consider

Ongoing filings and fees to stay in compliance

 

LLCs can't go public

Not recognized globally; you may be taxed as a corporation in other countries

Ongoing filings and fees to stay in compliance

Less management flexibility; must have a board of directors

More admin; strict rules about holding meetings and keeping records

All shareholders must be U.S. citizens or residents

Ongoing filings and fees to stay in compliance

Less management flexibility; must have a board of directors

More admin; strict rules about holding meetings and keeping records

Ongoing filings and fees to stay in compliance

Less management flexibility; must have a board of directors

More admin; strict rules about holding meetings and keeping records

Pricier application and filing fees if you try for 501(c)(3) tax-exempt status

  • What Is a Virtual Office?
    Virtual offices provide office and conference room space and services for your business like live reception, mail handling, and fax service. A virtual office space can give you an office location in a major city, even while you’re working remotely thousands of miles away. It is perfect for people who are on-the-go and for people who want the most price efficient way to operate professionally.
  • How Does a Virtual Office Work?
    A virtual office provides you with a virtual environment to get work done remotely. This allows you to work from home if you prefer. While your work can be done remotely, the physical address gives you a physical location for letters and packages to be sent to and gives you the chance for more privacy and a professional business image. If you'd like your working style to be hybrid or fully in person, you are also able to have your own office and co-working space at a physical location with Office In America Co.
  • How trustworthy are we?
    We have been in business since the inception of summer 2014. You can see testimonies of our customers on Office In America Co. Google, Facebook, Instagram, Twitter, LinkedIn or meetup.com. We are one big family. Additionally, our server is secured with 256 SSL cryptographic protocols, and our payment is hosted by major global payment platforms. Trustworthiness is everything to us.
  • How can I benefit from having a prestigious office address in Houston Texas?
    Good question! Your business will earn the reputation of having an office operating the most diverse country in the USA. Industries known here includes oil-gas, energy, Information Technology, medical, logistics, culinary and many more. The corporate location influences the correspondence of clients, customers and even suppliers. Now, they see your company as a reputable firm located in a high rise building.
  • Is there caveat, asterisk or hidden terms on your services?"
    We are not a fan of hidden terms. If you still have questions which answers cannot be found on our website, please email us at support@pruhstoke.com or call/text us at +1.713.893.1400. We’d love to clarify for you.
  • Can I upgrade my package plan anytime?
    Absolutely. You can always upgrade your plan whenever you wish, and you only need to pay the difference. All you have to do is let us know and we’ll help you get there. Contact us at support@pruhstoke.com to start.
  • What area code will my phone and fax numbers have?
    The area code for your phone number and fax number will be "713", "281", "832" and "346" area code. Houston is fourth most populous city in the USA, the phone area code numbers keep on growing every day. Why use a local area code phone number? It really shows that your office is located in Houston, TX and it can receive incoming calls or data from anywhere in the world unlike 1-800 numbers.
  • How Much Does a Virtual Business Address Cost?
    Virtual office rates can vary based on location and features. At Office In America Co., our basic package starts at $69 and includes a corporate address, your very own phone number, and a live receptionist to greet clients and answer your calls.
  • How do I know if I receive mail or packages?
    You will receive an email containing images of mail and packages received on a daily basis. There is no need to call and check to see if you've received anything. If you know you should receive something and have not heard from us, please email support@pruhstoke.com or call/text +1(713)893-1400 to check. Sometimes error happens like wrong suite, zip code or recipient name.
  • Can my partner or someone I know use my virtual office package?
    The virtual office pricing is design to serve one company with a person. If you would like to add more person or firm name, you can do so for only $15.00/month per person and or per company. $15.00 one-time setup fee will apply per addition.
  • Can I Use a Virtual Address for Business Licensing?
    Yes, your virtual address may be used for business licensing. Some sectors are restricted, but the majority of our clients have been licensed with a virtual address. Some centers may be able to hang your company license.
  • Can I Use My Existing Company Phone Number?
    Yes, you do not have to use the phone number provided to you when you sign up. You can use your own number, but you may have to get your number released from your provider in order to do so.
  • Can you register a business to a virtual office?
    Yes, you may use your virtual office address for company registration. A virtual office address is a legitimate, physical location to an office building. A virtual office address can also be used for forming an LLC or corporation. As for getting a registered agent, some virtual offices offer this service, but many do not. They will instead refer you to an agent or you will have to find one yourself.
  • How long is my virtual office contract commitment?
    With Office In America Co., you can pay monthly or annually. Our annual plans are discounted up to 3 months free!
  • Virtual address for LLC in Texas?
    A virtual address is a real-world location that receives your mail and may be utilized as a business address for your firm in order to form an LLC. It allows you to maintain a physical presence in any city without having to pay the high expense of office space rentals. Other advantages of using a virtual office include coworker room, private offices, fax services, and live reception.
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