A comparison of LLC versus LLP related to management, taxation, liability can be used to illustrate their difference as follows.  Regarding management LLC may be management is not limited to members. While for a LLP management is limited to members.Regarding…   Read more»

My answer depends on what kind of company I would be starting, but I would generally lean towards an LLC like many other people would. If I wanted to quickly start making phone apps and selling them, I could make…   Read more»

LLPs die when one owner dies, so beyond the limited liability part, there aren’t so many benefits to an LLP. That’s why, as per mentioned above, LLP’s aren’t used very much. Furthermore, it’s less likely that a company fits the…   Read more»

I remember reading once that businesses that are partnerships perform better than sole-proprietorships because the partners push each other to do well. I think that when it comes down to it, a partnership is better but only if the two…   Read more»

Depending on the company’s objectives, size, the field of engagement, I believe the measure of success should be altered. For small companies, one mistake could mean the end of the company’s life or it will take them a lot longer…   Read more»

I am currently, in a partnership with one of my close friends back home. We both share the same passion and also are very interested in building our own establishment one day. He is in charge of the management and…   Read more»

I would like to add more to what @mmejia said. LLP and LLC are the most common and most used types of entities used for small start-up companies. LLC is more chosen by small businesses that do not focus on…   Read more»

LLPs are generally left for a few professionals that may all co-manage their partnership, while LLCs can be managed by a small number of owners relative to total ownership. LLCs have the option to be further taxed as either an…   Read more»

Public companies are owned by stockholders that participate in a stock exchange where anyone can pitch in, while private companies are owned by stockholders that may sell, buy, or trade stock with anyone of their choice. Private companies have more…   Read more»

In the case of many companies, their ownership decides whether they will require to make business as an S-Corp or C-Corp from where they primarily make business. A domestically based corporation with international negotiations may still apply as an S-Corp….   Read more»

I hope I can be the owner of the sole proprietorship company.The advantage of a sole proprietorship company is that it’s very easy to run. I can control the whole company 100 percent. Taxation is not complicated, and I can…   Read more»

In my opinion, how to make a decision depends on how many people have the will of component companies.First, if there is only one person who wants to start a business, then a sole proprietorship company is most suitable for…   Read more»

First of all, I totally agree with you, because it is relatively easy for a partnership to spread the pressure of finance and risk equally among each partner, as opposed to a sole proprietorship to withstand all the pressures and…   Read more»

I agree with the fact that sole partnership and partnership are very similar. Depending on the business structure I will choose the partner. Choosing a partner depends on various factors. First thing do not mix personal and professional relations. It…   Read more»

I would consider forming a partnership in the future, especially when launching a startup for the first time. Having a trustworthy partner can speed up the process of forming the company with additional financial backing with our joint investment and…   Read more»

Both sole proprietorship and partnership has its own advantages and disadvantages. But I prefer partnership would be efficient if both the partners have the same goal and objective over the company. The owners could share both profits and losses over…   Read more»

If someone/ group of people want to start a business, the answer is completely with them as it depends on the count of people willing to join, risk management factors and paying taxes. As mentioned by @Aniketb and @sybleb, Sole…   Read more»

Taxation is often considered as significant difference for small business owners when evaluating s corporations and c corporations. S corps are pass through tax-entities. The losses are passed through personal tax returns. But c corps are separately tax entities. The…   Read more»