BUSINESS

The Corporation

A corporation is the most formal business entity. It is a legal entity that is separate from its owners (shareholders). In the eyes of the law, a corporation is a legal person.

1/31/20232 min read

person using laptop on white wooden table

BUSINESS

Sole Proprietorship

Single, small business owners often choose this type of business organization. It is not a legal entity separate from the business owner. In most cases, it is a fictitious name that someone does business under, such as Tim’s Plumbing Service. The name is just a trade name instead of a legal entity.

1/26/20232 min read

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