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Page 10 of 20 |
What are some of the common types of business organizations? |
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The most common forms of business organizations include:
(1) Sole proprietorship
(2) Partnership
(3) General partnership
(4) Limited partnership
(5) Limited liability partnership
(6) Corporation
(7) Subchapter S corporation
(8) Subchapter C corporation
(9) Limited liability company
The form in which you conduct your business determines issues such as the extent of personal liability that you have from the business and how the business will be taxed.
Click for an informative article on the Big Four of business structures.
ADDITIONAL INFORMATION IS TO BE FOUND IN THE INDIVIDUAL SECTIONS.
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