• 中文
  •  
      >>Home  >>Practice Areas
    Business & Corporate Law >> Business Organizations
            
    >>There are a wide variety of business organizations recognized by the states,deciding the form of ownership that best suits your business venture should be given careful consideration. For federal tax purposes there are 6 forms of business organizations:
    • Sole Proprietor (1040 Schedule C),
    • Corporation (1120),
    • Partnership (1065),
    • S-Corporation (1120S),
    • Trust (1041), and
    • Non-profit organization (990)
    Sole proprietors are unincorporated businesses. They are also called independent contractors, consultants, or freelancers.
    Corporations are incorporated businesses.
    Partnerships are incorporated businesses. Like corporations, partnerships are separate entities from the shareholders.
    S-Corporations have features similar to a partnership.
    An S-corporation must have at least one shareholder, and cannot have more than 100 shareholders.
    Trusts are usually formed upon the death of an individual and are designed to provide continuity of the investments and business activities of the deceased individual.
    Nonprofits are corporations formed for a charitable, civic, or artistic purpose.
     


            
     
     Practice Areas
     
    +  Business & Corporate Law
    +  Probate
    +  Labor Law
    +  Estate Planning
     
     
    Resources | Site Map | Disclaimer | Contact Us
    Copyright 2008-2010    Supported by