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Business Entity Form

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Instructions and help about business entity

[Music] hello and welcome to taxation of business entities our chapter 4 business entities overview in this is first of three lectures and we are going to cover the first learning objective where we are going to discuss the legal and other non- tax characteristics different types of legal business entities so let's get started so we have several legal classifications that corporations can take or entities can take we can have a corporation we can have a limited liability company a general partnership or a limited partnership or lastly a sole proprietorship so business owners legally form one of these entities so if you're going to form a corporation you need to file Articles of Incorporation an LLC a limited liability company you would file articles of organization for a general partnership or a limited partnership you're going to have a written agreement known as a partnership agreement and for the limited partnership you're still going to have that wri

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