This is a business structure which became available January 1, 1993. It can function like a partnership, or sole proprietorship, where partners/sole proprietors are not liable for its debts and […]
The major difference between a regular “C” corporation and an “S” corporation is that the “C” corporation pays taxes on its income and an “S” corporation […]
In the limited partnership form, a general partner or partners run the business and are fully liable for partnership obligations.
Limited partners do not participate […]
The Regular, or “C” Corporation is the most complex of the business structures. It is a distinct legal entity apart from the shareholders who […]
A recent study concluded that a new partnership is four times as likely to succeed as a new sole proprietorship. A local business law professor defines a partnership […]
A sole proprietorship is owned and operated by one individual. It is the least complicated and usually the least expensive way to set up and run a business. […]