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Get a clean breakdown of the 4 types of business structure: sole proprietorship, partnership, LLC and corporation — as well as what this means for your taxes.
The four main types of business structures are sole proprietorship, partnership, corporation, and limited liability company (LLC).
The business structure you choose influences everything from day-to-day operations, to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.
When starting a business, there are different types of business ownership structures that you can choose from. Each has its pros and cons, usually dealing with tax structures and liability.
A business is an individual or group engaged in financial transactions. Read about types of businesses, how to start a business, and how to get a business loan.
Typically, there are four main types of businesses: Sole Proprietorships, Partnerships, Limited Liability Companies (LLC), and Corporations. Before creating a business, entrepreneurs should carefully consider which type of business structure is best suited to their enterprise.
Business structures vary based on how liability is allocated and how taxes are treated. Common types include sole proprietorships, partnerships, LLCs, and corporations.
A business legal structure, or business entity, is a classification of a company and how it operates. It also regulates your federal and state tax obligations. There are four primary categories: Sole proprietorship; Partnership; Limited liability company (LLC) Corporation; Planning to run a business yourself?
What Is a Business? 4 Types of Businesses You Need To Know. Businesses are organizations that provide goods or services and allow their owners to turn a profit. Learn more about how businesses work.
Main types of business structures include sole proprietorship, partnership, corporation (C corporation or S corporation), or limited liability company (LLC). Choosing the Right Business Structure. Understanding the legal and tax implications of each structure is critical to making an informed choice.