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Business

 
Business Set Up & Incorporation:
  Sole Proprietorship General Partnership Limited Partnership C Corporation

Limited Liability

No

No

Yes

Yes

Pass-through Tax Treatment 3

Yes

Generally yes

Generally yes

No

Difficult to Form/Maintain

No

Not very

Not very

Yes

Continuity of Life

No

No

No

Yes

Centralized Management

Yes

Generally no, but partners can elect a committee of managers

Yes

Yes

Interests Freely Sold/Transferred

Yes 5

Generally no

Generally no

Yes

Available in All States

Yes

Yes

Yes

Yes

Minimum Number of Owners

One

Two

Two

One

 

S Corporation

Limited Liability Company (LLC) 1

Limited Liability Partnership (LLP)

 

Limited Liability

Yes

Yes

Yes

 

Pass-through Tax Treatment 3

Generally yes

Yes

Yes

 

Difficult to Form/Maintain

Yes

Somewhat

Somewhat

 

Continuity of Life

Yes

State law may limit LLC life to a set number of years 4

No

 

Centralized Management

Yes

Generally yes, since members can elect a committee of managers

The partnership agreement can centralize management

 

Interests Freely Sold/Transferred

Not to ineligible S shareholders

Yes, but transferee often has more limited rights unless all other members approve of a sale/transfer

No

 

Available in All States

Yes

Yes

No

 

Minimum Number of Owners

One

Generally two

Two

 

 
 
 
Business incorporation information sheet:
 
      Name of Business Entity:
  1.  
  2.  
  3.  
 
    Address of Business Entity:
    Address : state :
    County : School District :
    City : Type of Entity :
    Zip :      
        Registered Agent : Mukesh Mahajan
 Shareholders/Partners
                 
       First Name   Last Name SSN     SHARE %  
  1.   - -     %  
  2.   - -     %  
  3.   - -     %  
  4.   - -     %
          Address              
  1. Street no :  City :  State :  Zip :
  2. Street no :  City :  State :  Zip :
  3. Street no :  City :  State :  Zip :
  4. Street no :  City :  State :  Zip :

       Principal Activity:    
       Number of employees expected in next twelve months:  
       Expected Date to Pay the first wages :  
       Has the applicant ever applied for ein:  
       If yes provide date of incorporatin and ein:    
       Name of principal officer:  
       Phone:   Day :           
      Evening :    
       Email Address:             
    
 
 
 
 
 
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