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If you plan to scale your business and bring on partners later, those steps are easier if your business is an LLC. LLCs' flexible structure allows you to issue shares of ownership to investors or ...
Sole proprietors may register their business using one of two names: their legal name following the registrant's identity card or a trade name. [13] Registration of a business lasts for either one or two years, and must be renewed thirty days before its expiry. [12] In the event of termination of business, the proprietor has thirty days from ...
For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. [5]
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Small businesses in the Central Zone of São Paulo. Researchers and analysts of small or owner-managed businesses generally behave as if nominal organizational forms (e.g., partnership, sole-trader, or corporation), and the consequent legal and accounting boundaries of owner-managed firms are consistently meaningful.
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