The entities that are discussed in this lesson are:
- Sole proprietorship
- Partnerships
- Corporations
- Qualifying Joint Venture
After completing this course, the student will:
- Understand who qualifies to be a sole proprietor
- Recall the different types of partnerships
- Know the basic requirements of a C Corporation
- Identify when an S Corporation benefits the taxpayer
- State the differences between a Limited Liability Company (LLC) and a partnership