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Blockchain Week in Review - July 2018 - JD Supra (press release)

After amending the definitions of blockchain and blockchain technology in the Vermont statutory code, the bill first creates a new type of business entity in Vermont, called a blockchain-based limited liability company (“BBLLC”). Intended for ...

Twenty Tips For Startup Success, Part Six: Create A Business Entity - Forbes

When forming a business entity, it's worth thinking about what type of business entity you need to suit both your business and personal needs, especially as it comes to taxes. Choosing between sole proprietorships, partnerships or different types of ...

Indonesia Update: Know Your Beneficial Owner Obligation - JD Supra (press release)

PR No. 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.

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

It's important to recognize that just because a person chooses a type of legal entity, it does not necessarily mean the entity will be taxed in the manner that follows that choice. For example, a single member LLC by default would report its income on ...

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

There's a lot to consider when starting your own business, and how to structure your business should be at the top of your list. Tax implications—advantages and disadvantages—vary with each type of business structure, making the right choice an ...

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 ...

Types of Business Organizations - YEN.COM.GH

There are different types of business organizations in Ghana that you can register under the law. Bearing this information in mind will help you avoid the hassle of having your business rejected during the registration process. Read on for the legal ...

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

A sole proprietor simply reports his or her income directly on Schedule C. In the case of an S corporation or a partnership (the so-called "flow-through entities), the income of the business is allocated among the owners and then included on their ...

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

They predominantly chose the well-established corporate form of business entity, as opposed to partnerships and limited liability companies. The latter two entity types are among those known as “pass through” entities. That is because the federal tax ...

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

Section 7000.02, Types of Securities Included in the Definition of a Public Business Entity. The FASB ASC glossary definition of a PBE uses the term “security.” Are all forms of securities included or only certain forms (for example, equity securities ...

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 ...

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

All certificates along with basic information about the entity will now be available online. There will be no need for a newly established entity to apply for a taxpayer individual number upon the registration, it will be generated online after the ...

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)

ENTITY SELECTION. What business entity, if any, best serves your business needs? The answer, unfortunately, is “it depends.” In fact, no entity type is objectively superior. The best choice for your business depends on, among other considerations, your ...

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

This can be particularly important when there are multiple owners making unequal contributions to the business. This flexibility has made LLCs a popular choice for new businesses, and as a result it's the fastest growing type of business entity in the ...

Conditions for starting a Drugs Business in VN - Viet Nam News

A certificate of drug business eligibility will be granted to the drug business entity satisfying all conditions for its type of drug business required under law. The drug business entities must operate in the registered location and within the ...

Frequently asked questions about LLCs - inewsource

Within the corporate world, for tax purposes, there are two types of corporations: regular corporations, we refer to as C corps, that pay their own tax liability. Then S corporations which are pass-through entities — that is, most of their tax ...

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

The franchise tax applies to all "Taxable Entities" under Section 171.0002. Section 171.0002 does generally apply to all types of business entities, but it specifically excludes (1) sole proprietorships, (2) general partnerships owned entirely by ...

Raising Capital for Your Business Entity - Mother Earth News

Before you begin the process of raising capital from outside investors, you will need to make some decisions about how to legally structure your business. The entity type you choose affects your capacity to fundraise, and not always in the ways that ...

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.