Business People Club

Search All Topics !

What are the business entities?

0 like 0 dislike
197 views
by GreedyPig
What are the business entities?

Advertise With Us

Create and Manage Your Sponsored Content

Promote Your Products and Services

 

  • Niche Categories
  • Flat Pricing
  • Unlimited Views
  • Sell Products
  • Highlighted Sponsored Post
  • Sell Services
  • Promote Causes
  • Reply To Customer Inquiries
  • Build Backlinks
  • Promote Affiliate Links
  • Instant Notifications
  • Build Author Profile
  • Cancel Anytime
  • Get Started

Your comment

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Comment

0 like 0 dislike
commented by HairyMagpie
Business entities comes in so many types that business owners can easily get confused. Here’s a quick guide that will hopefully shed a little light on business entities for you.

Business Entities

"C" Corporation: A corporation whose shares are held by shareholders. The entity stands apart from the shareholders for legal and tax purposes. The shares of the corporation may be “taken public” and traded on stock markets. Google is an example of a publicly traded “C” corporation.

Foreign Corporation: A corporation doing business in a jurisdiction beyond where it was formed. Microsoft is a Washington corporation. When it does business in New York, it is considered a “foreign corporation.”

General Partnership: A business effort involving two or more people, known as partners. Each partner is liable for all partnership debts and obligations regardless participation and contribution amounts. Put another way, a general partnership provides no protection against lawsuits.

Holding Company: Part of a double incorporation strategy. The sole purpose of a holding company is to own or control other companies. Said other companies typically are exposed to significant liability threats. For instance, many insurance companies use holding companies to suck off profits and limit lawsuit risks.

Joint Venture: A cooperative business effort between two or more parties. It is usually limited to a single business purpose and involves a sharing of responsibilities and revenues. For instance, a database programmer and web site designer might enter a joint venture to provide e-commerce solutions to businesses.

“LLC” - Limited Liability Company: A creation of state law in which one or more individuals form an entity providing the liability protection of a corporation, but the tax benefits of a partnership.

Limited Partnership: A partnership in which the business is managed by a general partner with limited partners supplying capital investment. The limited partners are prohibited from actively participating in the management of the partnership. In exchange, the limited partners liability is limited to the amount of their investment. In pursuing this business entity, the general partner is almost always a corporation.

Partnership by Estoppel: A partnership created by operation of law when two or more people pursue a business goal and hold themselves out to the public as such. This business entity is prevalent as it is the automatic designation for two people doing business who fail to take any steps to designate a business entity. In this entity, each partner is completely exposed to liability risks.

"S" Corporation: Similar to a “C” corporation, this entity provides solid asset protection for shareholders from business liabilities and debts. The primary difference is the entity can be taxed as a pass through entity and is limited to 75 shareholders.

Sole Proprietorship: A business owned and controlled by one person. The designation provides no protection from business liabilities. It is taxed on the person’s personal tax returns on schedule “C”.

Each of the above entities provides certain advantages to a business owner. If you consider the particulars of your efforts, you should be able to get an idea of which one is best for you.

Related posts

0 like 0 dislike
1 Comment 299 views
What are the Legal Obligations of The CAN-SPAM Act?

What are the Legal Obligations of The CAN-SPAM Act?

by nicejone
0 like 0 dislike
0 comments 226 views
What are the Benefits of Business Loan?

Finance is always a main issue, when it comes to start a new business. You can have various innovative ideas and plans, but you ... a new business loan, to avoid any sort of perplexity in future.

image
by VoyageHooper
0 like 0 dislike
1 Comment 254 views
What are the business opportunities ideas for the stay at home mom?

What are the business opportunities ideas for the stay at home mom?

by GardenParrot
0 like 0 dislike
0 comments 188 views
What are the business start up costs?

If you are considering starting your own business, then you have no doubt considered the investment required for various business start-up ... sites that can help you get your business up and running!

image
by AfternoonFay
0 like 0 dislike
1 Comment 181 views
What are the Benefits of promoting your business with promotional magnets?

What are the Benefits of promoting your business with promotional magnets?

by Octopuppy
0 like 0 dislike
1 Comment 207 views
What are the marketing mistakes to avoid when promoting your business?

What are the marketing mistakes to avoid when promoting your business?

by nicejone
0 like 0 dislike
1 Comment 178 views
What are the pillars of home based business?

What are the pillars of home based business?

by VirtualAssassin
0 like 0 dislike
1 Comment 209 views
What are the Online Advertising Channels For My Business?

What are the Online Advertising Channels For My Business?

by HuggingDuck
0 like 0 dislike
1 Comment 185 views
0 like 0 dislike
1 Comment 192 views
How to register business with state agencies?

How to register business with state agencies?

by FatKomodoDragon
0 like 0 dislike
1 Comment 283 views
How To Check If Your Home Business Is Legal?

How To Check If Your Home Business Is Legal?

by FrighteningTwinkles
0 like 0 dislike
1 Comment 234 views
What are the crazy money making ideas?

What are the crazy money making ideas?

by KeyboardPie
0 like 0 dislike
1 Comment 238 views
What are the advantages of joining a forum?

What are the advantages of joining a forum?

by DreamBaby
0 like 0 dislike
1 Comment 212 views
What are the Effective Niche Marketing Strategies?

What are the Effective Niche Marketing Strategies?

by Herogue
0 like 0 dislike
2 comments 364 views
What are the Exit Strategies for Businesses?

How to get out of the business if its not working?

by Octopuppy
0 like 0 dislike
0 comments 562 views
What are the free tools for your website?

It does not have to be expensive to get started with Internet marketing. There are so many free tools available, including HTML editors, ... Go Daddy or Host Gator for about $15 per month or cheaper.

by KeyboardPie
0 like 0 dislike
1 Comment 212 views
What are the Benefits of Ordering Promotional Products Online?

What are the Benefits of Ordering Promotional Products Online?

by Madept
0 like 0 dislike
1 Comment 156 views
What are the Effective Ways To Make Money In Your Blog?

What are the Effective Ways To Make Money In Your Blog?

by MammothMoth
0 like 0 dislike
1 Comment 177 views
What are the advantages of writing eBooks?

What are the advantages of writing eBooks?

by Sassassin
0 like 0 dislike
1 Comment 192 views
What are the advantages of outsourcing?

What are the advantages of outsourcing?

by BumblingBee
0 like 0 dislike
1 Comment 221 views
What are the advantages of switching credit cards?

What are the advantages of switching credit cards?

by LoyalChief
0 like 0 dislike
1 Comment 195 views
What are the advantages of Barcoding and Barcode scanners?

What are the advantages of Barcoding and Barcode scanners?

by AfternoonFay
0 like 0 dislike
1 Comment 150 views
What are the ecommerce problems ?

What are the ecommerce problems ?

by Conjursa
0 like 0 dislike
1 Comment 299 views
What are the penalties for failure to pay employment taxes?

What are the penalties for failure to pay employment taxes?

by Tomatoad
0 like 0 dislike
1 Comment 189 views
What are the Niche Marketing Misconceptions?

What are the Niche Marketing Misconceptions?

by Octopuppy
0 like 0 dislike
1 Comment 163 views
What are the Ideas for Boosting Sales?

What are the Ideas for Boosting Sales?

by MysteryWasp
0 like 0 dislike
1 Comment 224 views
What are the Advantages of Low Interest Credit Cards?

What are the Advantages of Low Interest Credit Cards?

by MysteryWasp
0 like 0 dislike
1 Comment 181 views
What are the Advantages of a Home Equity Loan?

What are the Advantages of a Home Equity Loan?

by OpinionOwl
0 like 0 dislike
1 Comment 173 views
What are the Advantages Of Long Term Trading?

What are the Advantages Of Long Term Trading?

by SleepyFledgling
0 like 0 dislike
1 Comment 176 views
What are the sales boosting strategies?

What are the sales boosting strategies?

by Butcherry
0 like 0 dislike
1 Comment 175 views
What are the Benefits of Submitting to a Directory Website?

What are the Benefits of Submitting to a Directory Website?

by GiftedWrecker
0 like 0 dislike
1 Comment 151 views
What are the low cost home based businesses?

What are the low cost home based businesses?

by Prepatriarch
0 like 0 dislike
1 Comment 204 views
What are the steps to advertise for free?

What are the steps to advertise for free?

by Hawkward
0 like 0 dislike
1 Comment 168 views
What are the benefits of expired domains?

What are the benefits of expired domains?

by PlushSeal
0 like 0 dislike
1 Comment 188 views
What are the differences between shared and dedicated hosting?

Should i host my site with shared hosting or dedicated hosting?

by HairyFoal
0 like 0 dislike
1 Comment 167 views
0 like 0 dislike
1 Comment 248 views
0 like 0 dislike
1 Comment 166 views
What are the alternatives to bankruptcy?

How to avoid bankruptcy? What are the alternatives ?

by TrainedGuy
0 like 0 dislike
1 Comment 266 views
0 like 0 dislike
1 Comment 142 views
What are the day trading tips?

Any tips on day trading?

by BunBunny
0 like 0 dislike
1 Comment 153 views
What are the domain name extensions?

What are the domain name extensions and what do they mean?

by List
0 like 0 dislike
0 comments 138 views
Business systems – what are they?

You may have heard about them before, but never quite thought about how they can help you personally. They seem to be an ambiguous element ... , in exactly the same way, for many more years to come.

by Sassassin
0 like 0 dislike
1 Comment 222 views
How to write web design agreement or contract?

Any tips on writing web design contracts and agreements?

by Camella
0 like 0 dislike
1 Comment 220 views
How to deal with accident injury claims ?

How to deal with accident injury claims ?

by Sassassin
0 like 0 dislike
0 comments 177 views
How to hire a lawyer?

How to know if I am hiring right lawyer for my case?

by GamerAlpaca

online business.png

Connect with us:
...