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OWNERSHIP STRUCTURES
Quicken Legal Business Pro 2009. Includes a free eBook. Now $54.99.

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Choosing the Best Ownership Structure for Your Business

When you start a business, you must decide whether it will be a sole proprietorship, partnership, corporation, or limited liability company. Which of these structures is right for your business depends on the type of business you run, how many owners it has, and its financial situation. No one choice suits every business: Business owners have to pick the structure that best meets their needs.

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Business Ownership Structures
Learn about the corporation, LLC, partnership, and sole proprietorship.

Limited Liability Company FAQ
Answers to common questions about starting and running an LLC.

Corporations vs. LLCs
How do you know whether a corporation or LLC is right for your business?

limited liability

The maximum amount a business owner can lose if the business is subject to debts, claims or other liabilities. An owner of a limited liability company (LLC) or a person who invests in a corporation (a shareholder) generally stands to lose only the amount of money invested in the business. This means that if the business folds, creditors cannot seize or sell an owner's home, car, or other personal assets.

More Definitions

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Nolo's Online Will
LLC or Corporation?
LLC or Corporation? How to Choose the Right Form for Your Business
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Incorporate Your Business
Incorporate Your Business: A Legal Guide to Forming a Corporation in Your State
Book w/ CDROM / $31.99
eBook / $29.99

Form Your Own LLC
Form Your Own Limited Liability Company
Book w/ CDROM / $29.99
eBook / $27.99

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