http://www.corporationhowto.com How to establish various corporation types Sun, 19 Aug 2007 06:18:08 +0000 http://backend.userland.com/rss092 en A limited liability company (denoted by L.L.C. or LLC) in the law of many of the United States is a legal form of business company offering limited liability to its owners. It is similar to a corporation, and is often a more flexible form of ownership, especially suitable for smaller ... http://www.corporationhowto.com/limited-liability-company-llc/ A limited liability partnership (LLP) has elements of partnerships and corporations. In an LLP, all partners have a form of limited liability, similar to that of the shareholders of a corporation. However, the partners have the right to manage the business directly, and (in many areas) a different level of ... http://www.corporationhowto.com/limited-liability-partnership-llp/ A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners (GPs), there are one or more limited partners (LPs). The GPs are, in all major respects, in the same legal position as partners in a conventional firm, i.e. ... http://www.corporationhowto.com/limited-partnership/ In the commercial and legal parlance of most countries, a General partnership or simply a Partnership refers to an association of persons or an unincorporated company with the following major main features: Formed by two or more persons The owners are all liable for legal actions and debts the company may face ... http://www.corporationhowto.com/general-partnership/ A C corporation (or "C corp.") is a corporation in the United States that, for Federal income tax purposes, is taxed under 26 U.S.C. § 11 and Subchapter C (26 U.S.C. § 301 et seq.) of Chapter 1 of the Internal Revenue Code.[1] Most major companies (and many smaller companies) ... http://www.corporationhowto.com/c-corporation/ An S corporation or S-corp, for US federal tax purposes, is a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. Unlike a regular C corporation, an S corporation generally pays no corporate income taxes on its profits. Instead, the ... http://www.corporationhowto.com/s-corporation/ A sole proprietorship, or simply proprietorship, is a type of business entity which legally has no separate existence from its owner. Hence, the limitations of liability enjoyed by a corporation and limited liability partnerships do not apply to sole proprietors. All debts of the business are debts of the owner. ... http://www.corporationhowto.com/hello-world/