Abstract
This book explains the important characteristics of the most common types of business entities. Specifically, the book covers sole proprietorships, general partnerships, limited partnerships, limited liability partnerships, limited liability companies (LLCs), S corporations, C corporations, professional corporations, and non-profits. The characteristics or considerations discussed are entity formation, governance, ownership, control, authority, liability, compensation, taxation, and funding. Further, the book discusses the appropriate entity characteristics for startup ventures, when to form the entity, where to form the entity, and entities conducting business in multiple states.
The book is broken down into an easy-to-read, question-and-answer format. In addition to explanations of the applicable rules, it is full of simple examples to help any reader understand the important characteristics of the business entity. This book is the perfect guide for entrepreneurs, managers, attorneys, and accountants who need guidance in this complicated area of law and business practice.
Description
This book explains the important characteristics of the most common types of business entities. Specifically, the book covers sole proprietorships, general partnerships, limited partnerships, limited liability partnerships, limited liability companies (LLCs), S corporations, C corporations, professional corporations, and non-profits.
