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As a sole proprietor, you and your business are one and the same. Your business’s debts are your debts, and you have to pay them if your company can’t. If someone sues your company, they’re ...
Limited Liability Corporation (LLC) C-Corporation or corporation. S-Corporation. Partnership. ... While LLCs are typically more complex and costly to start than sole proprietorships, they provide ...
LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.
It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its
Sole proprietorship (person fizik) – A business owned and managed by one individual who is personally liable for all business debts and obligations. Limited liability company (LLC) – A hybrid legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
Corporations have to get permission from the Securities and Exchange Commission (SEC) to offer shares to the public. As a result, all newly formed corporations are automatically classified as privately owned. One of the big differences between a limited liability company (LLC) and a corporation is that a corporation can issue stock and an LLC ...
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