Legal Structure

Helping Businesses Thrive and Grow

The following are the most common business entity forms. For information about each type, click on the name.

Owned by one individual, who has complete control o fthe business and is responsible for all business decisions and financial obligations.

Involves two or more people who are opterating a business together.

A seperate legal entity from its owners and may be privately or publicly held. A corporation is controlled by a board of directors, which is in turn controlled by the shareholders.

Offers the protection of a corporation with the flexibility of a partnership.

Provides the liability protection of a corporation and the federal tax benefits of a partnership or sole proprietorship.

 

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