Types of Business Entities - BUSN LAW.docx - Types of...

This preview shows page 1 - 2 out of 2 pages.

Types of BusinessEntities/StructuresWhat is a corporation?A corporation is an independent legal entity that exists separately from the peoplewho own, control and manage it.It does not dissolve when its owners (or shareholders) die because it is considereda separate “person.”A corporation can enter into contracts, pay taxes, transact business, etc.The owners have limited liability.Contact an attorney or an accountant to determine if this structure works for you.
What is a limited liability company?
What is a partnership?

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 2 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Winter
Professor
NoProfessor
Tags
Business Law, Accountant, Corporation, Types of business entity, Types of companies, Legal entities

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture