Choice of Entities
Posted by William on Sep 27, 2012 in Business Litigation, Business Transactions, News | 0 comments Forms of Business Organizations OVERVIEW Sole Proprietorship Owned and operated by a single individual. All income and expenses are reflected in their personal (individual) tax return. The business is not a separate entity and does not shield the individual from personal liability. Corporation (C Corporations) A separate legal entity (fictitious legal entity), most commonly used for...read more
