Learn about the different types of business ownership structures, such as sole proprietorship, partnership, LLC, LLP, C-corporation and S-corporation. Compare their advantages and disadvantages, tax implications and liability protection.

7 common types of business ownership. 1. Sole proprietorship. A sole proprietorship is an unincorporated business entity that is operated by a single person. Because it lacks a formal corporate ...

Learn about the different types of business structures, such as sole proprietorship, partnership, LLC, corporation, and more. Compare the pros and cons of each structure based on factors like liability, taxation, and paperwork.

Choosing a business structure for your company is one of the most crucial first steps to starting a business. Your business entity type has legal, financial, and administrative implications, so it’s important you get started with the best entity for your situation. Some of the factors that will influence which business entity type you select ...

Learn about the different types of business ownership, such as sole proprietorship, partnership, LLC, corporation, and nonprofit. Compare the advantages and disadvantages of each structure and how they affect taxation, liability, and organization.

Compare the advantages and disadvantages of different types of business entities, such as sole proprietorship, partnership, LLC, corporation and more. Download or view the chart online to help you choose the best structure for your business goals.

Learn how to choose the best form of business ownership for your needs, based on factors such as ownership and management, investment and financing, risks and liabilities, formalities and expenses, and income taxes. See a chart that compares the pros and cons of sole proprietorship, partnership, corporation, and LLC.

The main benefit of an LLC is that the structure limits the owners' personal liability for business debts and court judgments against the business. LLCs provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their shares of the business ...

Sole proprietorships and partnerships are pass-through entities; profits are taxed as personal income. LLCs can choose to be taxed as a pass-through entity or as a corporation. C corporations are taxed separately from the owners, while S corporations are pass-through entities but must meet certain IRS requirements. 5.

Choosing the right business ownership style is an important and scary step for any burgeoning entrepreneur. There are a lot of solid options, all with compelling benefits and worrisome hindrances. Educate yourself on the myriad types of business ownership before making your decision. Transform your business vision into a magnet for investors!