Different Organization Types Companies are organized differently based on the unique needs of the organization.

Suppose you were starting a new business with a friend. You and your friend have agreed that he will invest most of the capital and that you will do most of the work. You will invest some cash and a two-year-old truck, which will be used as a delivery vehicle in the business. Briefly discuss what information you would include in the partnership agreement for the new company. Be as specific as possible.

Sole Proprietor C Corporation S Corporation LLC Lawsuitprotectionfor ownerswhenbusiness issued? NO YES YES YES Assetprotectionfor businessassets whenowner issued? NO NO NO YES Additional…

Leave a Reply

Your email address will not be published. Required fields are marked *