CH01.1 - F UNDAMENTALS OF BUSINESS ORGANIZATIONS F OR...

Info iconThis preview shows pages 1–12. Sign up to view the full content.

View Full Document Right Arrow Icon
FUNDAMENTALS OF BUSINESS ORGANIZATIONS FOR PARALEGALS THIRD EDITION Deborah E. Bouchoux
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Chapter One Introduction to Business Organizations and Agency Law
Background image of page 2
Key Types of Business Enterprise Sole proprietorships General partnerships Limited partnerships Limited liability partnerships Limited liability companies Business corporations Professional corporations S corporations Close corporations
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Sole Proprietorship Business owned and operated by one person
Background image of page 4
General Partnership Business co-owned by two or more persons
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Limited Partnership Business created under a state statute in which some partners have limited liability
Background image of page 6
Limited Liability Partnership Business entity providing limited liability for its partners
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Limited Liability Company Business providing limited liability and pass-through tax status for its members
Background image of page 8
Business Corporation Legal entity existing under the authority of the state legislature
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Professional Corporation Corporation formed by professionals, such as doctors, lawyers, accountants, and engineers
Background image of page 10
S Corporation Corporation that passes through all income to its shareholders, who pay tax on income received
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 12
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/06/2012 for the course PARA 092 taught by Professor Stephanieferill during the Fall '11 term at DeAnza College.

Page1 / 17

CH01.1 - F UNDAMENTALS OF BUSINESS ORGANIZATIONS F OR...

This preview shows document pages 1 - 12. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online