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18 Cards in this Set
- Front
- Back
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FORMATION: SOLE PROPRIETORSHIP
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JUST DO IT
1. FICTITIOUS NAME 2. TAX ID # |
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FORMATION: PARTNERSHIP
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AGREEMENT (UPA) 1. FICTITIOUS NAME 2.
TAX ID # |
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FORMATION: CORPORATION
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CREATURE OF STATUTE REGISTER WITH CORPOATE BUREAU
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TAXATION: SOLE PROPRIETORSHIP
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NET INCOME “DISTRIBUTED TO OWNER SCH. “C” & FORM 1040
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TAXATION: PARTNERSHIP
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NOT TAXED FORM 1065 NET INCOME DISTRIBUTED TO PARTNERS K-1 & FORM 1040
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TAXATION: CORPORATION
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NET INCOME CORP. TAXED FORM 1120 RETAINED EARNING WHEN DISTRIBUTED OWNERS ARE TAXED FORM 1099 DOUBLE TAXATIONS
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LIABILITY: SOLE PROPRIETORSHIP
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OWNER HAS UNLIMITED LIAB.
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LIABILITY: PARTNERSHIP
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PARTNERS HAVE UNLIMITED LIAB.
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LIABILITY: CORPORATION
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OWNERS LIMITED LIABILITY TO AMOUNT INVESTED
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DECISION MAKING: SOLE PROPRIETORSHIP
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INDIVIDUAL OWNER DECIDES
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DECISION MAKING: PARTNERSHIP
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PARTNERS DECIDE – POSSIBLE CONFLICT
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DECISION MAKING: CORPORATION
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STATUTORY REQUIREMENTS BD. OF DIRCTORS & STOCKHOLDERS
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TERM OF EXISTENCE: SOLE PROPRIETORSHIP
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LIFE OF OWNER
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TERM OF EXISTENCE: PARTNERSHIP
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TERM OF AGREEMENT LIFE OF PARTNERS
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TERM OF EXISTENCE: CORPORATION
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ARTICLES OF INCORPORATION CAN BE PERPETUAL
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TRANSFER OF OWNERSHIP: SOLE PROPRIETORSHIP
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SELL TO NEW PARTY KEY EMPLOYEE
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TRANSFER OF OWNERSHIP: PARTNERSHIP
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NEW AGREEMENT
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TRANSFER OF OWNERSHIP: CORPORATION
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SELL STOCK
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