What's a Limited Liability Company (LLC)? A limited liability company (LLC) is a legal model that includes the limited liability protection of corporations with the tax concessions of partnerships. Small firms widely use it. An LLC can also have one or more members, which can be businesses,...

One of the first considerations you'll have to make when establishing a business is what type of business to incorporate. The form of company you choose will impact your taxation, liabilities, and how the organization is operated.

One of the first considerations a business owner must undertake when launching an organization is what framework to choose. A sole proprietorship has one operator who is personally liable for the debts and liabilities.

An LLC differs from a sole proprietorship in that it is a separate legal entity run by its executives with limited responsibility, and it is required to be accredited.

In the United States, the two most common corporate organizations are limited liability companies (LLCs) and corporations (C Corporations). Each entity type has specific characteristics that are beneficial for many businesses.

A general partnership is an option for businesses wherein two or more persons come together to share all of a firm's resources, revenues, financial and legal commitments.

You have several options to think about when considering how you would like your corporation to be administered. For example, many businesses will choose an LLC, whereas others will explore an S Corporation or a C Corporation.

The term "doing business as" refers to conducting business under a different name. Any registered name that an organization uses that isn't its formal business name is a DBA. A DBA is also known as a fictitious name, assumed name, or trade name.

A sole proprietorship often referred to as a sole trader or a proprietorship, is an independent business with just one owner responsible for paying income taxes on the company's revenues.

A nonprofit corporation is a corporation that is created to serve the public benefit, such as for philanthropic, religious, academic, or other public service purposes, rather than to make a profit.