by Lea Strickland | Jul 30, 2010 | Glossary
A term used to distinguish the type of legal entity from other types of corporations, etc. This legal entity is a separate legal entity from its owners and has its profits taxed separately from its owners under sub-chapter C of the Internal Revenue Code.
by Lea Strickland | Jul 30, 2010 | Glossary
Also referred to as a business privilege license. A permit issued by government agencies (state or local) that allows individuals or companies to conduct business within the government’s geographical jurisdiction. It is the authorization to start a business...
