Partnerships are like sole proprietorships in that no legal entity must be established. A partnership is established as soon as two or more people agree to go into business together. This is considered a general partnership because all the partners run the operations of the business share the ri...
CORPORATION lawPARTNERSHIPLIMITED partnershipBREACH of trustDAMAGESPROCEDURE (LawI. THE ISSUEWhat are your client's alternatives if he invests in an LLC that operates a...Burkhard, James RRev.litig
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A professional association (PA) is atype of corporationmade up of individuals who belong to a licensed, certified or registered occupation. For example, a PA may be composed of attorneys or accountants. Alimited liability company(LLC) is a type of company in which taxes “flow through,” so...
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LLCs relieve you of many personal liabilities, but can come with hefty tax payments. A great place to start is by reviewing your options via the U.S. Small Business Administration’s business structure breakdown. The most common types of businesses or business entities in the U.S. include:...