Corporation

Business Corporations – Business Entities

BUSINESS LAW –  Business Entities Business Corporations Cleverness In This Article Introduction To Business Corporations Publicly Held Corporations Closed corporations The two main types of a corporation Corporation – Advantages Corporation – Disadvantages Introduction To Business Corporations A corporation is a legal entity in its own right and is separate from the individuals working within […]

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Limited Liability

Limited Liability Company (LLC) – Business Entities

Limited Liability Company (LLC) This is similar to a limited partnership, and gives owners limited liability but has some of the capital income advantages of a partnership. There are no restrictions on the number of members and investors can share in the management of the business. The letters LLC must be included in the business […]

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law

Limited and Unlimited Liability – Business Entities

BUSINESS LAW Limited and Unlimited Liability Cleverness In This Article What Does ‘Liability’ Mean? Unlimited Liability Limited Liability What Does ‘Liability’ Mean? Liability means that someone is legally responsible for the debts or actions of the business. Unlimited Liability This usually refers to Sole Proprietors and Partnerships where the business owners are fully responsible (liable) […]

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business entity

Choosing A Business Entity

BUSINESS LAW – Business Entities Choosing A Business Entity Cleverness In This Article Why Are Business Entities Important? The 4 main types of business organization Choosing a Business Entity Why Are Business Entities Important? It is important for business owners to understand the main differences between business organizations and which business organization is best for […]

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