A Limited Liability Company (LLC) allows members to have limited liability and choose their tax treatment.

In a Sole Proprietorship, the owner has complete control and a direct say in all management decisions.

In a General Partnership, all partners share profits and losses and have unlimited liability.

A Partnership involves two or more individuals sharing ownership and profits of the business.

A cooperative is owned and operated for the benefit of its members, who use its services.

A corporation faces double taxation on its income, which is a disadvantage compared to a partnership.

A disadvantage of a corporation is double taxation, where both corporate profits and dividends are taxed.

A corporation can raise capital more easily through the sale of stock compared to a sole proprietorship.

A key disadvantage of a sole proprietorship is unlimited liability, meaning the owner is personally responsible for all debts.

A primary benefit of an LLP is that it provides limited liability protection to all partners.

Entrepreneurs often choose to form a corporation for the limited liability protection it offers to its owners.

A significant disadvantage of a sole proprietorship is that the owner has unlimited liability for business debts.

A Limited Partnership includes both limited partners, who have limited liability, and general partners, who have unlimited liability.

A Corporation can raise capital by selling shares of stock to investors.

A Sole Proprietorship is owned by one individual who has full control and unlimited liability.

A Corporation is most suitable for businesses requiring significant capital investment due to its ability to raise funds through stock.

A Corporation allows for easier transfer of ownership through the sale of stock.

A Limited Liability Company (LLC) limits the liability of its owners, protecting personal assets from business debts.

A cooperative is member-owned and controlled democratically, not by a single individual.