Sole proprietor

Simplest, oldest, and most common form of business ownership in which only one individual acquires all the benefits and risks of running an enterprise. In a sole-proprietorship there is no legal distinction between the assets and liabilities of a business and those of...

S-corporation

Type of the US corporate structure in which the firm’s income is passed through its stockholders (shareholders) in proportion of their investment, and taxed at personal income tax rates. S corporations (‘S’ stands for ‘small’) can have...

Partnership

Type of business organization in which two or more individuals pool money, skills, and other resources, and share profit and loss in accordance with terms of the partnership agreement. In absence of such agreement, a partnership is assumed to exit where the...
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