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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Sole Proprietor

Sole Proprietor – Business Entities

Sole Proprietor (Sole Trader) is the most common form of business organizational. It is generally one person doing business for themselves on their own property. Business owners may hire employees and are responsible for their actions. E.g. If an employee damages something or injures someone the business owner may be liable for any costs or […]

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