Business Entity FAQs

Explore the intricacies of Business Entities Law through our FAQ page, where we cover the fundamental aspects, legal structures, and regulatory frameworks governing businesses

Among business entities, what is a corporation?

One of the best known and most widely used business entity forms is the corporation. The four corporate characteristics are: continuity of life,... Read More

Among business entities, what is a sole proprietorship?

A sole proprietorship is a business enterprise owned by one person with unlimited personal liability for the debts and obligations of the business.... Read More

Among business entities, what is a partnership?

A partnership is an association of two or more persons to carry on a business for profit as co-owners. In most partnerships, all partners are... Read More

Among business entities, what is a limited liability company or LLC?

An LLC combines some of the best elements of the corporate and partnership forms of business without some of their drawbacks. The LLC is more like... Read More