C-Corp

In American English, the word corporation is most often used to describe large business corporations. In British English and in the Commonwealth countries, the term company is more widely used to describe the same sort of entity while the word corporation encompasses all incorporated entities.

In American English, corporations are divided into C-Corporations (C-Corp) and C-Corporations (S-Corp). A corporation generally refers to a C-Corp.

C-Corp have separate ownership and management and can issue options and stock, or be publicly traded. Therefore, if you are seeking venture capital, it is imperative that you form a C-Corp and investors generally will not invest in LLCs.

This entity type is not recommended for digital nomads or other small business owners. Unless you are seeking venture capital, as investors generally do not invest in a LLC.

🇺🇸 U.S.

C Corporation
(Inc)

Each state in the United States has different laws regarding C Corporation.

A C corporation, under United States federal income tax law, is any corporation that is taxed separately from its owners. A C corporation is distinguished from an S corporation, which generally is not taxed separately. Many companies, including most major corporations, are treated as C corporations for U.S. federal income tax purposes. C corporations and S corporations both enjoy limited liability, but only C corporations are subject to corporate income taxation.

Non-resident aliens cannot form an S corporation, but can only open a C corporation or LLC.

🇬🇧 U.K.

Public Limited Company
(PLC/LTD)

A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called publicly traded companies. Public limited companies will also have a separate legal identity.

A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with ccc, an abbreviation for cwmni cyfyngedig cyhoeddus. However, some public limited companies (mostly nationalised concerns) incorporated under special legislation are exempted from bearing any of the identifying suffixes. The term "public limited company" and the "PLC"/"plc" suffix were introduced in 1981; prior to this, all limited companies bore the suffix "Limited" ("Ltd."), which is still used by private limited companies.