Sole Proprietorships
A sole proprietorship has no protection for this.
What is Personal Assets?
The number of people you need to start a partnership.
What is two or more?
The two main types of corporation.
What is "S-Corp" and "C-Corp"?
What "LLC" stands for.
What is Limited Liability Company
This type of business is the easiest to form.
What is a Sole Proprietorship?
This is unlimited.
What is liability?
This typically happens when a partner dies.
What is dissolution?
This can be done to raise money.
What is Sell Stock?
Document that has to be filed to form an LLC.
What is Articles of Organization?
This type of Corporation is the easies to form.
What is an "S-Corp" ?
It is difficult to raise capital because they cannot sell these.
What is shares of business?
This famous, socially-responsible ice-cream maker is now a corporation.
What is Ben and Jerry's?
This is how owners are double taxed.
What is taxed as a shareholder, and taxed on the company profits?
An LLC can also be this type of business organization.
What is Partnership?
Avoiding double taxation is an advantage of these business types. (3 answers)
What is an LLC, S-Corp, and Partnership?
In addition to income taxes, you also pay these.
What is self-employment tax?
Some risks can be limited for a partner with a well-crafted one of these.
What is Partnership Agreement?
This group upholds the by-laws of a corporation.
What is the Board of Directors?
Limited Liability means this:
What is the owners is only liable up to their initial investment.
This legal business entity is separate from its owners.
What is a Corporation?
Legal filings are only required when this happens.
What is when business operate under a ficticious name?
The four types of Partnerships.
What is General, Limited, Limited Liability, Limited Liability Limited?
This third type of corporation is relatively new and has a component of Social Responsibility.
What is a B Corporation
This is how an LLC avoids taxation.
What is income, deductions, and other items are reported on the federal income tax return of its owner OR they can choose to be taxed as an S-Corp.
A sole-proprietorship might use this to protect the owner's identity.
What is a DBA?