im thinking of starting a company and im curious of the business types in the us like:

inc
limited
ltd

ect, buisness endings



and what do they mean and require?


i know inc requires 3 people, in the company but thats all


pres, tres, and something else

LLC, requires 3 people: me, myself and I :D

You can find a lot of information here:

http://www.sba.gov/starting/getting.html

Good luck!

thanks so much, any more info, i want all the info i can get

Inc = Incorporated(Required three no matter what I believe)
LLC = Limited Liability Company (Requires one in some states varys in others.)

Originally posted by ChickenSteak
Inc = Incorporated(Required three no matter what I believe)
Three postions, but not three people required. Check state requirements.

Originally posted by is0lized
inc
limited
ltd

and what do they mean and require?Those are exactly the same thing, at least in every US state I know about. When you form a corporation, you are required to have certain words in the entity's legal name to indicate that it is a corporation. So in most cases you could use any of those, or "Corporation," or spell out "Incorporated," etc.

It'd be prohibited to use those words if your business were not incorporated.

LLC, though, is a slightly different construct.

As Chicken said, there is no requirement that three different people are involved in a corporation. Some states have a requirement that you name three officers, but they can be the same person. Some states have no such requirement at all.

but what are ALL the titles is what im asking. and what do they mean?


im not starting a buis now, since im younger but will later on, never to early to start

Originally posted by is0lized
but what are ALL the titles is what im asking. and what do they mean?Again, they all -- the ones you listed -- mean the same thing: that you are incorporated. Every corporation must have the word "Corporation," "Incorporated," "Limited," or an abbreviation of one of those words in its name. Which one to use, or which form of one, would be up to you. There is no difference.

A slightly different form of business entity is the Limited Liability Company. Essentially it's similar to a corporation but the administrative requirements are simpler (for example, a corporation is required to have annual meetings and to retain the minutes of those meetings, etc.; a limited liability company usually is not). A limited liability company will have "LLC" in its name.

There's also LLP -- Limited Liability Partnership

But don't ask what the difference is bettween LLP vs. LLC are... I wouldn't know. :D