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LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.
Alternatively, you can complete IRS form 8832 and request that your LLC be treated as a corporation. Suppose you structure your business as a single-member LLC, and you are the sole member of your ...
It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [1] An LLC is not a corporation under the laws of every state; it is a legal form of a company that provides limited liability to its owners in many jurisdictions.
As a sole proprietor, you and your business are one and the same. Your business’s debts are your debts, and you have to pay them if your company can’t. If someone sues your company, they’re ...
A sole proprietorship, also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by only one person and in which there is no legal distinction between the owner and the business entity. [1]
Sole Proprietorship – Sole Proprietorship firm is the simplest form of business entity in India. It is owned and managed by a single person. It is owned and managed by a single person. It is usually considered to be the easiest way of registering and starting a business.
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