Article: Business Entities ? A Quick Guide
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Business Entities ? A Quick Guide
Business entities comes in so many types that business owners can easily get confused. Here?s a quick guide that will hopefully shed a little light on business entities for you.
Business Entities
"C" Corporation: A corporation whose shares are held by shareholders. The entity stands apart from the shareholders for legal and tax purposes. The shares of the corporation may be ?taken public? and traded on stock markets. Google is an example of a publicly traded ?C? corporation.
Foreign Corporation: A corporation doing business in a jurisdiction beyond where it was formed. Microsoft is a Washington corporation. When it does business in New York, it is considered a ?foreign corporation.?
General Partnership: A business effort involv...
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