Step 4: Select a Structure

in Forum: Selecting a Business for Yourself

Source of this discusssion: /steps/55/3754/4/1/select-business-structure.htm Page description: "To each his own," as the expression goes. The same holds true for business structures - there's no universally "right" structure for all businesses.

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May. 13 2008 at 10:41 PM
Posted by: SherylCPA “Quote Reply
In an LLC, the owners are referred to as members. In a partnership, the owners are called partners, and in a corporation, the owners are known as stockholders. Regardless of your business structure, people who you hire to work for you would be employees. Sheryl Schuff, CPA Beat high gas prices, work at home, get tax deduction. My book explaining the home office deduction is FREE for a limited time. Includes sample filled-in forms with step-by-step instructions. Save $100's on Taxes with a Home Office Deduction
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