Thursday, 23 January 2014  
LLC Home Page
Welcome to the Frontpage
Welcome to the Class  

LLCs are the hottest ways to organize a business. An LLC can be better than a partnership, protect you like a corporation, but be more flexible. But only if they are designed to fit your needs. Anyone can form an LLC, but only a few can do it right. Find out what is needed to form and maintain a LLC with limited outside assistance to include planning your estate.

Some outside homework using the Internet between the first and second session will be required.


Business Forms and Structures  

Business Forms and Structures

Business forms and structures. The table below is a comparison of business forms and structures recognized as legal entities in most states. Select a link to view detailed information about: Corporations, the LLC, S Corporations, Partnerships, and Sole Proprietors.


Type of Company
Liability
Operations
Management
Raising
Capital
Sole Proprietorship
Unlimited
Simple
Proprietor
Difficult
Partners
Simple
Partners
--
 Partners
Simple
Partners
-- 
 Partners
Medium 
Partners 
--
No
Medium
Members
Possible
No
Medium
Members
Possible
No
Difficult
Board
Stock
No
Difficult
Board
Stock
Non-Profit Corporations
No
Difficult
Members or Trustees
Stock or Membership
Professional Corporations
Usually Yes - Varies by State
Difficult
Board / Licensed Professionals
Stock / Licensed Professionals


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