Selecting the legal structure for your firm
U.S. Small Business Administration, Office of Business Development - Small business - 5 pages
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Active advantages and disadvantages amount ample approval articles assets attracting additional best business organization business structures capital charter co-owners conduct consider control and special corporation's death Debts decision defined Delegated authority difficulty in obtaining dissolution dividends Double tax Ease of formation enterprise establish a sole existence Expense expertise Federal laws fewer firm Flexibility form a corporation forms of business freedom from government game goal government control Inactive income tax individual insurance investment investors known or held least one partner legal structure less limited partner long term financing loss management needs nership nominal partner ordinarily Ostensible owner-manager Ownership Partnership Agreement Partnership Interest permit personal porate possibilities of attracting prietorship principal profits proprietor purpose quire Relative difficulty Relative ease Relative freedom requires skill Salaries securing select share shareholders Silent small business owner sole proprietorship special taxation specialist specific stock stockholders strategy subchapter tion Unlimited liability Unstable various laws