S-Corporation vs Sole Proprietorship

Among the various decisions entrepreneurs have to make includes the choice of business model that suits their business needs and goals. And after making the decision to start a business and completing all requirements for acquiring adequate funds, resources and…

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Open vs Closed Corporation

Open Corporation In an open corporation, shares of the company can be traded at a public market or be transferred in private, over the counter transactions. Almost all corporate giants ruling the business scenario today are open corporations, be it…

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Corporation vs LLC

Upon being faced with the decision to incorporate, most business owners find themselves in a quandary over which business model would best suit their interests. Gaining an understanding about the various options available may appear daunting at first, but has…

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11 Major Tax Implications and Differences between LLCs and Corporations

Both LLC and corporations are different business entities, each coming with their own set of benefits and disadvantages. Owners faced with the decision to choose between the two must make a thorough assessment of the unique taxation structure each of…

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9 Biggest Differences Between Sole Proprietorship and Partnership Firms

Entrepreneurs have different options to choose from while selecting an appropriate form of business model. Primarily, there are five types of  business organizations available- Sole Proprietorship General Partnership Corporations ( including C Corp and S Corp) Limited Liability Companies Cooperatives…

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