Form Business Entity

Protect Your Assets--Structure Your Business for Success Whether you're contemplating launching your own venture, have just started up, or have been in business for years, you'll be amazed at the important role that business ownership structures play. Selecting the appropriate structure for your business can spell the difference between success and failure over the long haul. What was appropriate a few years ago may now put you and your business in jeopardy. Find answers to questions, such as: When is sole proprietorship a good choice? What are the repercussions of forming a corporation vs. a LLC? What are the different types of partnerships? Get up to speed with this comprehensive guide. Compare and contrast the strengths and weaknesses of each structure, then select from a sole proprietorship, partnership, corporation, or LLC based on what's right for your situation. Use the tools to plan, organize, form, operate and maintain a business entity. You'll get tips on how to: Clarify fundamental legal principles for business formation Access state-specific information covering all 50 states and the District of Columbia Walk step-by-step through every part of the process Speak the lingo using the complete business law glossary Structure your venture for success using these proven insider tips and insights from experienced business law attorney Michael Spadaccini.

Before Starting a Business: How to Select Initial Entity Form for Your Entrepreneurial Skills, Capital-On-The-Line, & Tax Accounting Psyche

Trust (19th century) - A trust or business trust was a form of business entity used in the late 19th century with intent to create a monopoly. Some but not all were organized as trusts in the legal sense.

Business-to-business electronic commerce - Business-to-business electronic commerce (B2B) typically takes the form of automated processes between trading partners and is performed in much higher volumes than business-to-consumer (B2C) applications. For example, a company that makes chicken feed would sell it to a chicken farm, another company, rather than directly to consumers.

Entity-relationship model - The entity-relationship model or entity-relationship diagram (ERD) is a data model or diagram for high-level descriptions of conceptual data models, and it provides a graphical notation for representing such data models in the form of entity-relationship diagrams. Such models are typically used in the first stage of information-system design; they are used, for example, to describe information needs and/or the type of information that is to be stored in the database during the requirements analysis.

Flow-through entity - A flow-through entity (FTE) is a corporate legal entity where income "flows through" to investors (unitholders) in the form of regular cash distributions. Depending on the local tax regulations, this structure can avoid dividend tax and double taxation because only unitholders are taxed on the revenue.

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