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Know Your Beneficial Owner Obligation - Lexology

13 of 2018 contains provisions empowering the relevant competent authorities in Indonesia to obtain and enforce adequate transparency as to the beneficial owner information of any types or forms of business entities in Indonesia. In summary, PR No. 13 ...

Factors to consider when choosing a business entity - Smart Business Network

Smart Business spoke with Kirk Trowbridge, director at Clarus Partners, about the factors to consider when determining the structure that's best for a business. What choices are available to those setting up their business entity and how are they ...

SIUE SBDC, Dept. of Commerce to offer minority entrepreneur workshop - Alton Telegraph

The workshop is open to all entrepreneurs and will focus on a variety of general topics that are designed to instruct new business start-ups as well as individuals who have an interest in entrepreneurship. The topics covered in this workshop will ...

Structuring Your Business: A quick look at the tax implications of various business formations - Utah Business

If you're wondering why anyone would choose this type of business structure, publicly traded corporations must be structured and filed as C Corporations. S Corporation Like a C corporation, an S Corporation is a separate legal entity, but in this ...

What Type Of Entity Is Right For Your Business? - Lexology

You may have noticed that various real estate acquisition firms, developers, builders, landlords, tenants, and leasing and management firms conduct business in a wide range of entities, but why do they do so and what are the important issues to ...

An Ounce of Prevention Is Worth Tons of Pounds, Euros and Dollars - Law.com

In his Cross-Border concerns column, Stephen Treglia writes: Time is running out for lawyers representing certain types of business entities, specifically, those in the financial sector and those doing business in the EU, and there is still much work ...

Tax Geek Tuesday: Making Sense Of The New '20% Qualified Business Income Deduction' - Forbes

Or as an S corporation. Or as a partnership. And what do these three business types have in common? They all offer a single level of taxation: when income is earned at the business level, it is generally not taxed at that level; rather, the income of ...

NFL Owners With Large Corporate Distributions May Change To LLCs Under GOP Tax Act - Forbes

The vast majority of NFL owners bought their clubs long before limited liability companies became popular. They predominantly chose the well-established corporate form of business entity, as opposed to partnerships and limited liability companies. The ...

AICPA Releases Inquiries on Public Business Entities Meeting GAAP - Accountingweb.com

Section 7000.01, “Use of the Term “Security” in the Definition of a Public Business Entity. The FASB ASC glossary definition of a PBE uses the term “security.” ASU No. 2013-12 does not reference a specific definition of “security.” How should entities ...

Tax reform should address a business tactic Trump famously used - The San Diego Union-Tribune

Once again, an initiative to overhaul the federal tax code has begun. A major issue has been repeatedly neglected in dialogue regarding such reform: the “downside” legal protections and benefits that corporate and other types of business entities ...

Beginner's guide to opening a business bank account - MoneyRates.com

Every bank has its own requirements, and it will also depend on what type of business entity you have, such as a corporation or a partnership. In any case, assemble the formal legal documents detailing the legal status of the company plus its ...

Self-Employed or Not at All? - WealthManagement.com

A recent memorandum opinion of the U. S. Tax Court has significant implications for investors in various types of business entities with respect to the applicability of tax under the Self-Employment Contributions Act (SECA). The opinion cuts against ...

Uzbekistan: Company Registration Procedures In Uzbekistan - Mondaq News Alerts

'Single Window' centers ('one-stop shops') under the Ministry of Justice will become a single registration authority for all types of business entities (except for banks and credit bureaus registered by the Central Bank). Registration documents: It is ...

Office Space: New law to govern Pa. entities - Reading Eagle

Derivative lawsuits: The new law clarifies, expands and harmonizes the provisions governing derivative lawsuits for LLCs, LPs, LLLPs, business corporations and nonprofit corporations. A derivative lawsuit is a lawsuit filed in the name of the entity by ...

Bootstrapping your startup: An entity selection primer - Crain's Cleveland Business (blog)

So you've discovered the next big thing. Now how do you transform your idea into a business? This post explores entity structuring strategies to ensure profit maximization and asset protection, thereby increasing your venture's probability of success ...

Sole-trader business - Fiji Times

A SOLE trader or sole proprietorship is a type of business entity which is entirely owned and run by one individual. The individual keeps all profits after tax has been paid and is liable for all losses of the business. In other words it is a type of ...

Did you know your dental practice LLC can be taxed 4 different ways? - Dentistry IQ

An LLC can be a great choice as the business entity for your dental practice. What you may not realize is how flexible the LLC can be when it comes to deciding how your business entity will be taxed. Depending on elections made by the LLC and its ...

Frequently asked questions about LLCs - inewsource

OK, from a business standpoint there are three different categories: There are corporations, there are partnerships — both general and limited — and LLCs. Corporations and partnerships come out of English common law. They're both entities that were ...

Does the Texas Franchise Tax Affect the Type of Entity You Choose? - Lexology

The Texas Franchise Tax (Chapter 171 of the Texas Tax Code) is a tax on gross receipts and these gross receipts must exceed $1,110,000. This is the amount for 2016 and 2017 such number is adjusted for inflation under Section 171.0006 before franchise ...

Raising Capital for Your Business Entity - Mother Earth News

There are many for-profit entity options to choose from, each of which might offer benefits in some areas and disadvantages in others. As if choosing an entity structure weren't confusing enough to begin with, a social entrepreneur can consider ...

A business entity is an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for e.g.:

A business entity is an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases, for e.g.:

public limited company (UK, Ireland and the Commonwealth)
≈ Ltd. (UK, Ireland and the Commonwealth)
limited partnership
= unlimited partnership
= chartered company
= statutory company
= holding company
= subsidiary company
= one man company (sole proprietor)
= NGOs

However, the regulations governing particular types of entity, even those described as roughly equivalent, differ from jurisdiction to jurisdiction.

When creating or restructuring a business, the legal responsibilities will depend on the type of business entity chosen.