for more information on the source of this book, or why it is available for free, please see the project’s home page. the legal form of the business is one of the first decisions that a small business owner will have to make.
it is the oldest, simplest, and cheapest form of business ownership because there is no legal distinction made between the owner and the business (see table 12.1 “sole proprietorships: a summary of characteristics”). source: john m. ivancevich and thomas n. duening, business: principles, practices, and guidelines (mason, oh: atomic dog publishing, 2007), 64–65; david l. kurtz, contemporary business, 13th edition update (hoboken, nj: john wiley & sons, 2011), 163; “how to choose the right business structure for your small business,” national federation of independent business, accessed february 3, 2012, /kcvnat; william m. pride, robert j. hughes, and jack r. kapoor, business (boston: houghton mifflin, 2008), 154–55; “small business planner—choose a structure,” us small business administration, accessed february 3, 2012, .gov/smallbusinessplanner/start/chooseastructure/index.html. the llc is a blend of a sole proprietorship and a corporation: the owners of the llc have limited liability and are taxed only once for the business.“how to choose the right business structure for your small business,” national federation of independent business, accessed february 3, 2012, www.nfib.com/tabid/56/?cmsid=49906.
a limited liability company (llc) can be thought of as a hybrid of a corporation and a partnership. like in a corporation, owners are not accountable for the every small business must select a legal form of ownership. the most common forms are sole proprietorship, partnership, and corporation. a limited liability 1. sole proprietorship 2. general partnership 3. limited liability company (llc) 4. corporations (c-corp and s-corp)., legal form of business example, legal form of business example, legal form of ownership examples, what is legal form of business, what is the best legal form of business.
the five major forms of business in the united states are sole proprietorships, partnerships, llcs, and c and s corporations. each form has implications for how the three major forms of business in the united states are sole proprietorships, partnerships, and corporations. each form has implications for how individuals the three major forms of business in the united states are sole proprietorships, partnerships, and corporations. each form has implications for how individuals, legal form of ownership business plan example, business legal forms and requirements.
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