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A limited liability company (LLC) is the United States-specific form of a private limited company. 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]
Thinking of forming an LLC? Learn the benefits, when it's worth the effort, and why some sole proprietors might be better off sticking to a simpler setup. ... Business. Entertainment. Fitness ...
Many small business owners choose to start as a sole proprietor, LLC, or corporation. There are tax implications for each of these structures that you should explore before you register.
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]
There are three main forms of business: (a) Sole Proprietorship (b) Partnership (c) Company Sole Proprietorship; In a sole proprietorship, an individual on his/her own account carries out the business or profession. No formal procedure or formality is required for setting up a sole proprietary concern. Partnership
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