04Mar
Structuring Your Business to Provide Personal Protection
3/4/2019| Reference Number : 134.0| School Bus | Liability Protection,
Tax Implications,
Business Structure,
Sole Proprieterships,
Partnerships,
Corporations,
Business Corporation Law of 1988 15 Pa. C.S.A. §101,
Limited Liability Company,
LLC,
Limited Liability Company Law of 1994 15 Pa. C.S.A. §8901,
Limited Partnerships,
Taxation | Share
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Return|
When creating and operating a business, owners must decide how they want their business to be structured. Two factors that should go into every decision regarding the structure of a business are liability protection and tax implications. Liabilit protectiosn protects owners of a business from being liable for the debts and liabilities of the copmany and keeps creditors form pursuing personal assets.
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