For Change Be Bold Podcast

Business Structures are Sole Proprietorship, Partnership, Limited Liability Corporation, Corporation and Non-Profit.  1. Sole Proprietorship is the most common structure own and operated by one individual.  2. A partnership is run by two or more people.  Two common types of Partnerships are Limited Partnerships (LP)  Limited Liability Partnerships (LLP).  Limited Liability = Limited Control 3. Limited Liability Corporation (LLC) is known as a hybrid entity that has corporation, partnership, and sole proprietorship characteristics.  4. Corporation has three major structures.  C corp - Double Taxation  S corp - Avoids Double Taxation  B corp - Double Taxation  5. Non-Profit or 501 (C) is a charitable organization that provides assistants to the public.  The non-Profit organization is Tax-Exempt meaning they won't pay state or federal taxes on income taxes on any profit.  SilverFlume is the business portal in Nevada to register your business.  Follow us on Facebook and Instagram Visit our website forchangebebold