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Finding the Right

Legal Form

for Your Business

For more information or for assistance in selecting= the right legal form for your business, contact our office.

 

Legal Liability

 

 

Continuity of Entity<= /p>

 

 

Transfer of Interest

 

 

Acquisition of Capital=

 

Tax Filing Required

 

 

 

Taxation of Income

 

 

Administrative and Legal = Costs

 

Fringe Benefits

Recommended Pension Plans

 

Major Advantage(s)

 

Major Drawback(s= )

Limited

Varies; can affect tax status of the entity<= span style=3D'font-family:"Gill Sans MT";color:black;language:EN'><= /span>

= Unlimited for general partners

= Limited for limited partners

Limited

Limited

Unlimited

Limited unless provided for= in partnership agreement<= /span>

Unlimited

Unlimited

Limited to life of proprietor<= /span>

Varies; can affect tax status of the entity<= span style=3D'font-family:"Gill Sans MT";color:black;language:EN'><= /span>

Difficult unless provided for in partne= rship agreement

Readily accomplished through stock tran= sfer

= Readily accomplished through stock transfer

Difficult

Shared by members

Easier than sole proprietorship since s= hared by partners<= /span>

Acquired by issuing stock or bonds<= /span>
<

Acquired by issuing stock<= /span>