Limited company

able to avoid double taxation that regular corporations face, they would also be facing a lot of restrictions. One problem with S corporations is that they can only have 100 stockholders. In addition, the limited number of stockholders, there are also restrictions on who can own stock in the company. Another drawback to this type of corporation is that all of the outstanding stock has to be the same class. In light of all of these restriction it might be difficult to get all of the stockholders…

Apple is a Public Limited Company, found by Steve Jobs and Steve Wozniak in 1976, which design, develop and sell their goods worldwide and operate in telecom and technology industry. Their headquarters are located in Cupertino, California, USA Apple, being a successful technology and telecom company in the secondary sector who have lots of capital, have chosen to be a Public Limited Company because companies usually become public because they get more capital by selling their shares to…

Law When deciding to incorporate in Delaware a business owner may register their business as a corporation, limited liability company (LLC), professional service or a nonprofit association. Although, a business owner may open a sole-proprietorship or a partnership these choices will not be considered because they do not provide limited liability protection for the business owner. Limited liability is protection to the business owner just like a corporation. Business owners are protected from…

and ran by myself solely and there are no legal distinctions between myself and my business then this would be a sole proprietorship. Furthermore, I started a business with a partner in which I own 50% and he owns the same amount, our business is a Limited Liability Corporation. And we decided on a LLC simply to split our tax…

With the prospect of other business in mind it was unambiguous that the company structure be set in such a manner as to relieve the liabilities off of the owners and allow the development of the business to be formed without seeking outside sources of…

• Step 1: Corporation or LLC action Company owners must approve the dissolution of the business. With corporations, the shareholders must approve the action; with limited liability companies (LLCs), members grant approval. For small businesses, shareholders or members are often involved in day-to-day operations, and typically know the circumstances. The bylaws of a corporation and the LLC operating agreement typically outline the dissolution process and needed approvals. To comply with…

Sole Proprietorship Description In a Sole Proprietorship there is only one owner. No matter what name you put the company under you are the responsible party. Legally the owner and the business are the same. Two Advantages Two advantages to a sole proprietorship would be that they are easy to create and costs are low, and the owner is the company, all responsibilities are under one individual. Two Disadvantages Two Disadvantages would be that there is no way to bring a partner into the business,…

business will be a limited liability company. A limited liability company is a company composed of multiple people in a special written agreement. It distributes the loses and gains and assigns to people to their interests. When using an LLC our personal assets will also be protected if someone were to sue the company. A LLC also doesn’t limit the number of people that can manage. It appears as the best option because, there will be many different people working in the company who help run the…

proprietorship, partnership, and limited liability company (LLC). It is…

Limited liability companies are actually a form of legal entity that can be viewed as both a mixture of a general partnership and a corporation. LLC’s combine those two businesses kind of like a melting pot to take the best of what each has to offer. I believe that…