When starting a new business, owners must decide which type of entity, or business structure, to choose. The business entity choice determines how taxes are filed, what accounting methods to use and ...
This article briefly introduces each of the principal business forms, namely corporations, partnerships, LLCs and sole proprietorships. You can also check out the chart in our Comparison of C corp, S ...
Every business, from a mom-and-pop flower shop to the next billion-dollar tech giant, first has to legally establish itself as a company. But, just as there are many kinds of businesses, there are ...
Sole Proprietor: Default option for many founders, as the owner and the business are one. Owner bears full legal liability in a lawsuit. LLC: A hybrid vehicle, an LLC shields the owner from some ...
The type of business entity utilized for a new venture is one of the most important decisions facing a new business owner. Choosing an inappropriate entity can have devastating effects, while an ...
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Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, ...
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