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One of the most important decisions an entrepreneur will make is choosing a business entity type. Gone are the days long ago where one could simply pick between a corporation or partnership, or the days not so long ago where the choice was between the corporation and the LLC. Now, we have more entity choices than ever before. How do you decide?
Among the options to consider are the common law selections, like sole proprietorships and general partnerships, and traditional statutory entities like for-profit or nonprofit corporations, LLCs, and limited partnerships.
Certainly, having a variety of options allows for more targeted decision making – increasing the chances of finding an entity that meets most of your business and owners’ needs. However, the decision process is much more complicated. In order to make the best choice possible, you must first be aware of the different entity types available, then know what states allow them, be familiar with the statutes authorizing and governing them, and keep up with inevitable statutory changes.
This webinar reference book addresses all of these important factors. It will review some of the statutory business entity types other than the traditional, more commonly known choices. You will read about a few of the newer choices like the Series LLC, benefit corporation and benefit LLC, unincorporated nonprofit association and limited cooperative association, and some of the older alternative like REITS and master LPs.
Keep this reference guide on-hand, as it may be one of your most useful tools in navigating the many entity types available.
Watch the Alternative Entities - Navigating New Choices for Business Formations on-demand webinar or contact us at (844) 316-8948 (Toll-free U.S.).
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