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Business entity type: Overview
Last updated on Jul 22, 2025
Reading time: 2 min
Overview

When onboarding your business to start selling on Walmart Marketplace, it’s important to correctly classify your entity type. In this guide, you’ll learn about the different entity types Walmart accepts. 

How does it work?

During the business verification stage of onboarding registration, you’ll need to declare the entity type that best determines your business. Below are the definitions of each. 


Entity type

Definition

C-Corporation

A separate legal entity generally established under the laws of a U.S. state (or the District of Columbia) as a corporation that is taxed independently from its owners. A C-Corporation generally files Form 1120 annually.

LLC – C-Corp

A separate legal entity generally established under the laws of a U.S. state (or the District of Columbia) as a limited liability company that has filed an election with the Internal Revenue Service formed electing to be taxed as a C-Corporation.

LLC – S-Corp

A separate legal entity generally established under the laws of a U.S. state (or the District of Columbia) as a limited liability company that has filed an election with the Internal Revenue Service formed electing to be taxed as an S-Corporation.

Partnership

A business owned and operated by two or more individuals or entities that is not a corporation or limited liability company or corporation. A partnership may exist in the absence of a legal entity and generally files Form 1065 annually.

S – Corporation

A separate legal entity generally established under the laws of a U.S. state (or the District of Columbia) as a corporation that has filed an election with the Internal Revenue Service for its income and losses to be passed through to shareholders and reported on the shareholders' individual tax returns. An S-Corporation generally files Form 1120-S annually.

Notes

This guide is for general informational purposes only and doesn’t constitute tax or legal advice.  

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