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business-entity-formation
  1. Choice of entity
    1. Sole proprietorship
    2. Partnership
    3. Corporation
    4. Limited Liability Company
  2. Sole proprietorship is an entity that is owned by one person
    1. Requires no formal filing with the State
    2. Administrative requirements when starting a sole proprietorship
    3. Advantages and disadvantages to operating as a sole proprietorship
  3. A partnership requires two or individuals operating the partnership
    1. General partnership
    2. Limited partnership
    3. Important to have a partnership agreement
    4. Tax issues associated with partnerships
  4. A corporation comes into existence through the filing of Articles of Incorporation
    1. Prepare and file Articles of Incorporation
    2. Prepare Bylaws
    3. Prepare organizational minutes for the first meeting
  5. Limited Liability Company is a type of entity that is a cross between a corporation and a partnership
 
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