Business Structures

Business Structures

Introduction

The following paper is based on highlighting different business structures that how these business structures normally perform in the business environment. For this reason different business structures are discussed like sole Proprietorship, Partnership, corporations, S corporations and Limited Liability Company.

Sole Proprietorship

Sole proprietor is a business structure in which business functions are incorporated with one owner who is solely responsible for paying personal income tax on the profits that the business generated. With a little bit involvement from the government, sole proprietorship is the simplest business to set and also very much popular among individuals who want ...