Business Entity Types

Business & Finance 60 records

Business entity types and abbreviations, with countries and explanatory notes.

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ID	Type	Abbreviation	Country	Notes
1	Limited Liability Company	LLC	United States	Owners have limited liability with pass through taxation.
2	C Corporation	Inc	United States	Corporation taxed separately from its owners.
3	S Corporation	Inc	United States	Corporation with pass through taxation and owner limits.
4	Sole Proprietorship	SP	United States	Unincorporated business owned by one person.
5	General Partnership	GP	United States	Partners share management and unlimited liability.
6	Limited Partnership	LP	United States	Has general partners and limited liability partners.
7	Limited Liability Partnership	LLP	United States	Partners are shielded from most firm liabilities.
8	Professional Corporation	PC	United States	Corporation owned by licensed professionals.
9	Public Benefit Corporation	PBC	United States	For profit firm with a stated public benefit purpose.
10	Nonprofit Corporation	NPO	United States	Formed for charitable or public purposes.

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Scope and sources

Last checked against sources: October 16, 2026.

Last changed: July 20, 2026. This is when we last changed the data or its description. It doesn’t mean the data runs up to that date.

Wikipedia: List of legal entity types by country (used with permission)

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Collection To classify a business by what it does rather than its legal form, the NAICS industry codes collection has all 2,125 industry codes.

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