Business entity types are generally split into two categories: Informal associations and formal associations. Informal associations (i.e., partnerships and sole proprietorships) are easily created ...

A corporation is a separate legal entity that issues shares (stake in the company) to owners and protects their personal liability A partnership is owned by its partners and is easier to establish and ...

A business entity is formed to conduct business activities. Learn about the different types and how to choose one. Many, or all, of the products featured on this page are from our advertising partners ...

For a New York City restaurant owner, the entity you choose isn’t just a formality — it affects your taxes, personal liability, fundraising ...

Limited liability companies (LLCs) offer significant tax flexibility – for one thing they can elect to be treated as disregarded entities, partnerships, C corporations, or S corporations, and can even ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. For many businesses, the best option is to file as a ...

Limited liability companies have become a popular entity for owning and operating a business. A multi-member LLC can elect to be taxed as a partnership, C corporation or an S corporation. It is common ...

Starting a business is like learning a new language. You’ve got all these terms thrown at you—Inc., LLC, DBA—and it can feel ...

Ultimately, the right entity choice depends on the business’s goals, profit model, ownership structure, and tolerance for complexity. In 2025, blended approaches are becoming common, such as forming ...

Over time, you may decide that the business name you chose for your company no longer accurately reflects your brand. Or you might decide you would be better off legally to have a different name.