Please enable JavaScript.
Coggle requires JavaScript to display documents.
Legal Structures for Businesses (image (Single ownership (Responsible for…
Legal Structures for Businesses
Single ownership
Responsible for all debts and liabilities
Taxes
Legal
2 or more people
Share the profit
Share the expense
Legal matters
Taxes
Corporations
"Person"
Board of directors
Stockholders
CEO or upper management
Is liable
Money comes from the investments and company profits
Types of corporations
C corporation
Subchapter S corportation
Professional Corporation
Non profit
LLC
