Ads
related to: creating a sole proprietorship in maryland form 2 filing- S Corporations vs. LLCs
Learn the key differences between
an S corp & an LLC and get started.
- Check your business name
Before you start a business, make
sure the name isn't already in use.
- Compare Business Types
Compare Different Business Types
To See Which One Works for You.
- Business resource center
Here's what you need to start, run,
and legally protect your business.
- Can an S Corp Be a Member
Can an LLC own an S corporation
or the other way around?
- Incorporate Your Business
We're Here To Help Incorporate Your
Business Online Simply And Easily.
- S Corporations vs. LLCs
Search results
Results From The WOW.Com Content Network
There are a number of legal benefits that come with incorporation. One significant legal benefit is the protection of personal assets against the claims of creditors and lawsuits. Sole proprietors and general partners in a partnership are personally and jointly responsible for all the legal liability (LL) of a business such as loans, accounts payable, and legal
There are three main types of business entity in Brunei, namely sole proprietorship, partnership, and company. [11] A private company contains the term "Sendirian Berhad", meaning "Private Limited" or "Sdn. Bhd." as part of its name; for a public company "Berhad" or "Bhd." is used. [12]
For example, in Delaware LLLP elections take the form of a limited partnership electing to be a limited liability partnership (this is the format used in Delaware, while in Florida, Hawaii and Kentucky the election is made in the certificate of a limited partnership). Not all states presently allow business entities to form as LLLPs. [2]
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. [1] A sole trader does not necessarily work alone and may employ other people. [2]
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 owners in many jurisdictions.
A registered agent is a designated person or entity authorized to receive legal and official documents on behalf of a company or LLC, and can be referred to as "Resident Agent", "Statutory Agent", commercial or noncommercial clerk, [5] [6] or by the Federal Motor Carrier Safety Administration (FMCSA), a "process agent". [7]
Ads
related to: creating a sole proprietorship in maryland form 2 filing