Tag Archives: llc
Isn’t it easier and less expensive to just use a sole proprietorship or partnership?
The main disadvantage of doing business as a sole proprietor (one person) or partnership (two or more individuals) is the risk of liability. You have no limited liability protection like you do if operating in the corporate or LLC form. … Continue reading
Posted in Differences, Sole Proprietorship
Tagged corporation, llc, llp, partnership, sole, Sole Proprietorship
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What is the basic difference between an S corporation and a LLC?
S corporations and LLC’s are similar in both the way they provide liability protection to the owners and in the way they report taxes. Both provide limited liability protection to the business owners (For a more detailed discussion of limited … Continue reading
Posted in Differences
Tagged Differences, limited liability company, llc, s corporation
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Where do corporations get their authority to operate?
The law of each state gives people the opportunity to operate a business in one of several different legal structures or forms. Each form has its own advantages and disadvantages depending on the individual circumstances of the owners. The most … Continue reading
Posted in History
Tagged c corporation, corporation, legal authority, limited liability company, limited liability partnership, llc, llp, operate, s corporation
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