Friday, January 27, 2023

Business Types

 Business Types How-To





Job Monsta: Business & Self-Employed

Get the Tax information, tools, resources & more for businesses and self- employed.

Sole Proprietorship
Someone who owns an unincorporated business by themselves.


Partnership
A relationship existing between two or more persons who join to carry on a trade or business.

International Business
Foreign businesses with activities in the U.S. or domestic businesses with activities outside the U.S.

Job Monsta: Business & Self-Employed


Corporation
A legal entity that is separate and distinct from its owners.

S Corporation
Corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.

Limited Liability Company or LLC
A corporate structure whereby the members of the company cannot be held personally liable for the company's debts or liabilities.


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