ABoth types of entities provide protection to the individual owners from liability to creditors. The LLC, however, allows the owners to select the tax treatment of a partnership, so that there is no tax at the company level, with profits and losses flowing through to the individual owners.
What is the difference between an LLC and a corporation?
AYou should seek immediate advice from an experience Puglise Law Firm attorney. Your lawyer will advise you on your rights and obligations as a partner. Your attorney will advise and assist you in keeping your business operating and resolving the dispute.
I’m a partner in business and one of my partners is threatening to dissolve the partnership and take over the business. What should I do?
ASole Proprietorship is a business owned by one person.
What is a sole proprietorship?
AA partnership is the legal relationship between two or more persons who carry on business together in order to make a profit.
What is a partnership?
AA corporation exists as its’ own legal being. The owners of a corporation are its’ shareholders.
What is a corporation?