Choosing your Business Entity Structure
Businesses can operate in a variety of structures, such as a sole proprietorship, partnership, limited partnership, corporation, or limited liability company. Each of these forms of incorporation provides certain benefits and also certain limitations. The legal structure of a business determines how it is managed, how it is taxed, and what regulations it must follow. So how do you …
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How to Form a Limited Liability Company
A limited liability company (LLC) offers business owners limited liability for the acts and financial debts of the business. An LLC can be a sole proprietorship or a partnership. Either way, the business owners’ personal assets such as their homes and personal savings accounts cannot be used to satisfy business debts or court verdicts against the business in most …
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