MGT401 6 Types of Businesses Chart

MGT401 6 Types of Businesses Chart - Name Sole...

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Name Sole Proprietorship General Partnership ~ can have word partnership or general partnership in name ~CAN NOT have INC., Corp., LLC, LP or LLP because it’s misleading. Limited Partnership ~ Must use LP or Limited Partnership Limited Liability Partnership (LLP) ~ must use LLP, or Limited Liability Partnership Limited Liability Company (LLC) ~ must use LLC, or Limited Liability Company Corporation ~must include corp., incorporated, corporation, ltd, limited, inc. How Formed? ~No required forms ~DBA or Assumed Name certificate must be filed if not using own name ~No required forms ~DBA or Assumed Name certificate must be filed if not using own name ~Written partnership agreement is recommended but not required. ~ file Certificate of Limited Partnership with Secretary of State, Limited Partnership Agreement ~Publication requirement Two newspapers, once per week for six weeks ~limited to certain professions ~registration of partnership as LLP ~Publication requirement Two newspapers, once per week for six weeks ~Articles of organization, filed with
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This note was uploaded on 08/15/2011 for the course MGT 401 taught by Professor Dalton during the Spring '08 term at SUNY Buffalo.

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MGT401 6 Types of Businesses Chart - Name Sole...

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