Q:What are the advantages to a Corporation? A: There are several advantages to organizing your business as a formal corporation. A corporation is a separate legal entity that is distinct from its individual …
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Q:What are the advantages to a Sole Proprietorship? A: A sole proprietorship is a business that is owned by an individual and that is not formed pursuant to any special legal construct, such as a limited liability …
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Q:What is an "S" corporation? A: There are several different types of corporations from which business owners can choose when they initially set up their business. One type of corporation is an …
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Q:What is a "C" Corporation? A: A C corporation is the most common type of corporation. The “C” refers to the subchapter of the Internal Revenue Code which explains the rules of …
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Q:What is equity financing? A: Businesses are usually expensive to open and operate and many businesses need investors in order to make the business successful. One way in which business …
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Q:What is debt financing? A: Debt financing is a way for businesses to get the capital that they need to open or to operate an existing business. Debt financing is when a person, business, bank …
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Q:What steps are required to form a corporation? A: A corporation is a legal entity with a corporate charter from a state. To form a corporation, the following simple steps are required: 1. Select a name for your …
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Q:What steps are required to form an LLC? A: To form a limited liability company, the following simple steps are required: 1. Select a name in accordance with the state’s rules regarding limited …
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Q:What Is Limited Liabilty? A: Limited liability is a principle of business law which shields the owners of a business from the business's liabilities. Owners of a business which …
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Q:What are the advantages of a corporation? A: Forming a business as a corporation offers many advantages over a sole proprietorship or other entity types. The corporate form gives the owners (called the …
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