Understanding business structures

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in Employment Law

Business owners may choose from a variety of company structures, based on their needs and preferences.  Especially with the advent of the Limited Liability Company (LLC), the choices for small business are wider and better than ever before. 

More good news for small business – as the needs of the company changes, the existing business structure can be amended or a new business structure can be formed quickly, easily and affordably. 

Below are useful descriptions of the most popular business structures to help you get started:    

General Corporation
A general corporation, also known as a “C” corporation, is the most common corporate structure. A general corporation may have an unlimited number of stockholders. Consequently, it is usually chosen by those companies planning to have more than 30 stockholders or large public stock offerings.

Since a corporation is a separate legal entity, a stockholder's personal liability is usu...(register to read more)

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