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Business Legal Organizational Structures
Explore the variety of business organizational structures available to entrepreneurs, learn which may be best for your venture, and find tips and resources on setting it up.
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Business Legal Organizational StructuresThis article describes the differences among the six basic business organizational structures used by for-profit businesses in the United States.
Set Up a Limited Liability Company (LLC)The Limited Liability Company, or LLC, has in recent years become the most popular legal structure for small businesses wishing to incorporate. The exact requirements vary slightly from state to state, but setting up an LLC is a relatively simple process that can usually be done in an hour or less.
Doing Business As (DBA) an Assumed Name: Why and HowAn assumed name, or DBA (short for "doing business as"), gives entrepreneurs the ability to brand their businesses effectively with minimal cost. It allows sole proprietors to use a business name rather than their personal name. It also lets a single legal entity (corporation, LLC, etc.) operate multiple businesses without creating a new legal entity for each business. Learn the whys and hows of getting an assumed name.
What Form Will You Do Business In?Sole proprietorship, general partnership, limited partnership, limited liability partnership, C-corporation, S-corporation, limited liability company, or something else entirely -- the decision as to how to organize your business is determined by your income tax and liability objectives.
Reader mail: LLC vs. S-corpA detailed letter from a reader about choosing between a Limited Liability Company and a Subchapter "S" Corporation (S-Corp) raises questions about distribution of ownership, pass-through income