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Federally incorporated

  • N.A. (National Association), a designation used by national banks

  • NT&SA (National Trust and Savings Association), a less common designation used by national banks

  • Federal Credit Union

  • Federal Savings Bank

Many governmental units are specially formed public corporations and some private organizations have received a charter from Congress.

State incorporated The following are the main business designations and types:

  • Corp., Inc. (Corporation, Incorporated): used to denote corporations (public or otherwise). These are the only terms universally accepted by all 51 corporation chartering agencies in the United States. However in some states other suffixes may be used to identify a corporation, such as Ltd., Co./Company, or the Italian term S.p.A. (in Connecticut; see under Italy). Some states that allow the use of "Company" prohibit the use of "and Company", "and Co.", "& Company" or "& Co.". In some states individuals and partnerships may register a fictitious name with the word "Company" in it. For a full list of allowed designations by state, see the table below. See also Delaware corporation, Nevada corporation, Massachusetts business trust.

  • General partnership is a partnership in which all the partners are jointly liable for the debts of the partnership. It is typically created by agreement rather than being created by a public filing.

  • LLC, LC, Ltd. Co. (limited liability company): a form of business whose owners enjoy limited liability, but which is not a corporation. Allowable abbreviations vary by state. Note that Ltd. by itself is not a valid abbreviation for an LLC, because in some states (e.g. Texas), it may denote a corporation instead. See also Series LLC.

  • LLLP (limited liability limited partnership): a combination of LP and LLP, available in some states

  • LLP (limited liability partnership): a partnership where a partner's liability for the debts of the partnership is limited except in the case of liability for acts of professional negligence or malpractice. This is often the only form of limited partnership allowed for law firms (as opposed to general partnerships).

  • LP (limited partnership): a partnership where at least one partner has unlimited liability and one or more partners have limited liability

  • PLLC (professional limited liability company): Some states do not allow certain professionals to form an LLC that would limit the liability that results from the services the professionals provide such as doctors, medical care; lawyers, legal advice; and accountants, accounting services, when the company formed offers the services of the professionals. Instead states allow a PLLC or in the LLC statutes, the liability limitation only applies to the business side, such as creditors of the company, as opposed to the service side, the level of medical care, legal services, or accounting provided to clients. This is meant to maintain the higher ethical standards that these professionals have committed themselves to by becoming licensed in their profession and not immune to malpractice suits.

  • Professional corporations (abbreviated as PC or P.C.) are those corporate entities for which many corporation statutes make special provision, regulating the use of the corporate form by licensed professionals such as attorneys, architects, and doctors.