Business ownership structures can take many forms, Whether it is a simple sole proprietorship or a complex corporate structure, different organizational and ownership structures can have advantages and disadvantages. A brief overview of a few of the most common ownership structures follows.
A sole proprietorship or simple partnership are the most common business structure and are owned .
and controlled by only one a group of people. Owners and the business are considered to be the same entity and owners are liable for all business obligations. Limited Partnerships and Limited Liability Partnerships (LLPs) offer some of the partners protection from liabilities of the company based on the extent of their investment. Corporations and Limited Liability Companies (LLCs) are legal entities that can offer certain tax and liability benefits to the principal investors. More Reference Links: http://www.nolo.com/legal-encyclopedia/learn-about-business-ownership-structures-29785.html http://www.sos.wa.gov/corps/registration_structures.aspx
