How to Set up Various Types of Business Entities

Posted by Exit Promise under Legal
From http://exitpromise.com 3331 days ago

When you are starting or expanding a business, there are multiple business entity structures available. Separate business entity structures include C corporations, S corporations, Limited Liability Companies (LLCs), partnerships – both limited and general. And of course there is always the sole proprietorship, however this type of business structure is not considered to be a separate entity from its owner.

Each business structure provides different benefits, different levels of asset protection, and they result in different tax treatment for the business and its owners. Understanding the many differences is important for startups and business owners adding new lines of business to their existing enterprises.