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.
How to Set up Various Types of Business Entities
![How to Set up Various Types of Business Entities - http://exitpromise.com](https://share.bizsugar.com/images/thumbnails/93856ec8f3e5fe803691a0f903871ea3.png)
![Avatar](/avatars/user_uploaded/Exit Promise_30.jpg)
From http://exitpromise.com 3176 days ago
Who Voted for this Story
Subscribe
“You are most welcome Gaurav....”
“transition plan is the first thing to start. Thank for sharing this...”
“I have been using Picuki, and other tools. But, I was not aware about IG...”
“I am not into Google Sites. I still and always prefer WordPress. Easy to...”
“Semrush is changing. And, I am following the path....”
Comments