What are the pros and cons of a Limited Liability Partnership (LLP) registration versus a Private Limited registration for Indian startups?
You have five basic choices: a sole proprietorship, a partnership, a limited liability company or a corporation--either an S corporation or a C corporation.
If you decide to set up a for-profit entity, you have five basic choices: a sole proprietorship, a partnership, a limited liability company or a corporation--either an S corporation or a C corporation.
It is not a federally exempt nonprofit corporation, a C corporation, an S corporation, a limited liability company, a general or limited partnership.
How you can legally go about removing a co-founder may depend on whether your business is a partnership, limited liability company or corporation, as well as the state in which you set it up, according to Mr. Mandel.
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On the creative side of wealth management, you can also form business entities such as a family limited liability company or limited partnership to house assets.
The Thomsons set up their partnership as a limited liability company, which is often the best way to hold real property.
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Note that while a limited partnership or a limited liability company theoretically limits personal liability for those who form it, there's less protection if you perform day-to-day operations or make decisions for the business.
Broker entrepreneurs have a choice of five possible legal structures: sole proprietorship, partnership, limited liability company, S corporation or C corporation.
Self-employment activity generally includes ownership and operation of a sole proprietorship, Limited Liability Company (LLC), C Corporation, S Corporation, and Limited Partnership where the business intends to generate revenue for profit and make significant contributions to the plan.
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