LEGAL FORMS OF COMPANY OWNERSHIP
SOLE PROPRIETORSHIP
PARTNERSHIP
CORPORATION
A. Sole Proprietorship definitions
Sole Proprietorship from Encyclopedia of Small Business - The sole proprietorship is both the simplest and most common type of business operating in the United States today.
Sole Proprietorship from Everyday Finance : Economics, Personal Money Management, and Entrepreneurship - A sole proprietorship is a business that has only one owner. It is the simplest and most common form of commercial enterprise in the United States.
Sole Proprietorship - from West's Encyclopedia of American Law - A form of business in which one person owns all the assets of the business, in contrast to a partnership or a corporation.
B. Partnership definitions
Partnership - from West's Encyclopedia of American Law - An association of two or more persons engaged in a business enterprise in which the profits and losses are shared proportionally
Partnership - from Encyclopedia of Small Business - Various forms of business organizations are differentiated by the tax and other liabilities borne by their investors.
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C. Corporation definitions
Corporation from Everyday Finance : Economics, Personal Money Management, and Entrepreneurship - People often think of corporations as large businesses, such as Barnes & Noble and Wal-Mart, but they can be of any size, from one person to thousands of employees
Corporation from Encyclopedia of Small Business - When a small business incorporates, it is automatically a C corporation, also called a regular corporation.
S Corporation from West's Encyclopedia of American Law - A type of corporation that is taxed under subchapter S of the INTERNAL REVENUE CODE (26 U.S.C.A. § 1 et seq.).An S corporation differs from a regular corporation in that it is not a separate taxable entity under the Internal Revenue Code. This means that the S corporation does not pay taxes on its net income. The net profits or losses of the corporation pass through to its owners.
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Books on LLCs
Forming a Limited Company by Call Number: KD2085 .Z9 C58 2008 EBISBN: 9780749455026Publication Date: 2008-08-03Forming a Limited Company offers clear guidance on the responsibilities of directors and company secretaries, running the company, changes after incorporation, insolvency, and all aspects of company capital This indispensable guide for sole traders, partnerships or co-operatives contemplating incorporation gives expert advice and guidance on every topic, including procedures required for setting up; company name; administering the company; financial matters; duties and responsibilities of directors; and changes after incorporation. Whether you are just starting out or looking to expand an already existing company, this is an essential read.
Form Your Own Limited Liability Company by Call Number: eBookISBN: 9781413328905Publication Date: 2021-08-31Make your business an LLC Structuring your business as an LLC can bring important advantages: It lets you limit your personal liability for business debts and simplify your taxes. Here, you'll find the key legal forms you need to create a single-member or multi-member LLC in your state, including: LLC articles of organization Operating agreement for member-managed LLC Operating agreement for manager-managed LLC LLC reservation of name letter, and Minutes of meeting form. Form Your Own Limited Liability Companyhas easy-to-understand instructions, including how to create an operating agreement that covers how profits and losses are divided and major business decisions are made. You'll also learn how to choose a unique LLC name that meets state and federal legal requirements and how to take care of ongoing legal and tax paperwork. The 12th edition is completely revised to reflect the latest state and federal laws, including an overview of the CARES act and other resources for businesses impacted by COVID-19. With Downloadable Forms Download an operating agreement and other forms for your LLC, more details inside.
LLC or Corporation? by Call Number: KF1380.Z9 M362 2017ISBN: 9781413323177Publication Date: 2016-11-30LLC vs. C-Corp vs. S-Corp: The most important business decision you_ll make Whether you are starting a new business or thinking about an existing one, the big question is "which legal structure is best?" The answer has important legal and tax consequences. LLC or Corporation? explains: the basics of all business entities why sole proprietorships and partnerships are usually a poor choice how to avoid being personally liable for business debts how to pay less tax by choosing the right entity how to convert from one business entity to another, and requirements for doing business out of state. LLC or Corporation? is packed with real-world examples to help you make the best choice for your company.This book has downloadable interactive forms.
OneSearch results on "Limited Liability Companies"ISBN: 0000000000Publication Date: <2021OneSearch results on "Limited Liability Companies"
Articles
- HOW TO START A BUSINESS IN ARIZONARated by Forbes as one of five states with the best economic growth prospects, starting a business in Arizona is a great choice for entrepreneurs. Start your business today with our simple step-by-step guide and get on the fast track to financial and personal independence.
- LLCS ARE THE NEW KING OF THE HILL: AN EMPIRICAL STUDY OF THE NUMBER OF NEW LLCS, CORPORATIONS, AND LPS FORMED IN THE UNITED STATES BETWEEN 2004-2007 AND HOW LLCS WERE TAXED FOR TAX YEARS 2002-2006.An essay is presented on limited liability companies (LLC) in the U.S. Data on the number of new LLC, corporations, and limited partnerships (LP) formed in the U.S. between 2004-2007 are provided. Also given are data from the Internal Revenue Service on the taxation of LLC for tax years 2002-2006. It concludes that the LLC has replaced the corporation as the most commonly formed new business entity in the U.S. and that there is a growing number of LLC taxed as an S-corporation.
Videos
- Forming an LLC in Arizona video (4:21)In under 3 minutes, you'll learn how to form an LLC in Arizona. Published on Mar 7, 2013
- How to Launch a New Brand, Product or Service.Dr. Rollan Roberts II will share exactly how to successfully launch a new brand, product, or service! Most companies get this wrong. Little businesses and large companies get it wrong. Yet, there is a simple protocol you can follow to nail the launch of your new brand, product, or service every time. Streamed live on Apr 4, 2014