Business Structures And Incorporation

A comprehensive book describing principal forms of business, exploring the considerations and strategies in making an appropriate selection, sample forms and documents, and much more. By carefully considering the forms of business entities that are available and then intelligently choosing an appropriate one, the entrepreneur can reduce exposure to liabilities, save taxes and launch the business in a form capable of being financed and conducted efficiently. The sooner a choice is made, the more flexibility and wider selection the entrepreneur will have. Moreover, formalizing a business helps prevent misunderstandings among the participants by defining ownership, roles, and duties in the business.The primary considerations in the choice of business entity will be how to protect the entrepreneur's personal assets from liabilities of the business. For example, tax strategies such as maximizing the tax benefits of start-up losses, avoiding double (or even triple) layers of taxation, and converting ordinary income into long term capital gains, which is taxed at lower rates. other examples include: selecting an entity that will be attractive to potential investors and lenders, availability of attractive equity incentives for employees and other service providers, and costs (start-up costs and on-going costs).

If you’re a business owner, incorporation can help you protect your personal assets and cut down your tax bill. But all the paperwork and legalese can make incorporation seem like more trouble than it’s worth. Incorporating Your Business For Dummies offers all the savvy tips you need to get incorporated — starting today! Whether your business is big or small, incorporating isn’t as simple as it could be. This handy reference makes incorporation make sense, and guides you through the process step by step. From handling the mountain of paperwork to getting back to business once you’re finished, Incorporating Your Business For Dummies offers a wealth of helpful advice on these and many more topics: Knowing whether or not incorporation can help you Choosing the type of entity that will work best for your business Dealing with shareholders and shareholder agreements Transferring money and assets in or out of the corporation Documenting corporate actions and maintaining compliance Finding the right attorney, accountant, tax advisor, and other professionals Written by the experts at The Company Corporation, who handle more than 100,000 incorporations every year, this helpful book offers the kind of advice you can only get from professionals — but in a user-friendly, lingo-free format. Whether you just want a little help with the paperwork, or don’t even know what a corporation is, you’ll find everything you need to know: What limited liability means Corporate statutes, bylaws, and articles Choosing directors and assigning duties The benefits of S corporation status Deciding where to incorporate Registering corporate names and domain names Balancing equity versus debt Understanding shareholder rights Getting your financial information in order Hiring a professional to help with corporate compliance If you want step-by-step help on setting up your corporation, dealing with the paperwork, and getting off on the right foot, Incorporating Your Business For Dummies is the only resource you need. Packed with the kind of tips and advice you’ll find nowhere else, it’s the uncomplicated way to get incorporated.

A popular and highly-adaptable casebook for use in either a three-credit or four-credit course on business organizations or corporations. The second edition continues the traits that made the original so popular. The book is intended for all law students, whether they will practice on Wall Street or Main Street. It is aimed not only at those who were finance majors and know that they will take advanced corporate courses. It's also for the poetry majors who assume that they are going to dislike the course. Students who use the book are often shocked at how much they enjoy the subject and class. The book best meets law students' need to understand not only the legal issues that arise in battling for control of a large, mature public corporation, but also the legal and business issues that arise in starting and growing a new business. The book is student-friendly; it speaks to the student and conveys much meaningful information, much like a text book in other fields. It features problems and questions that integrate and develop doctrine. Unlike many other casebooks that merely cobble together a series of cases and open-ended questions, the book carefully teaches, in an enjoyable but organized way. During class, the professor can focus on the fun material; the book has already taught students the nuts and bolts. The book has a unique structure, as students follow a business (Bubba's Burritos) through every phase of each of the business structures. The course builds with the same cast of characters, as they explore how to form a business, how to make it grow, how to raise capital, how to transfer ownership, how to assess liability issues, and how the business may come to an end. This same business life cycle is experienced for the sole proprietorship, general partnership, close corporation, public corporation, limited partnership, and LLC. Students will compare and contrast the advantages and disadvantages of each business structure. The book draws on special resources. The contributions of Mike Roberts, of the Harvard Business School, are especially obvious. Students benefit from B-School materials, excerpts from periodicals, problems, and lots of original text to focus on both business and legal issues. Likewise, new co-author George Shepherd, a legal scholar and economist, offers economic theory-made-easy: he translates important economic concepts into simple language that all can enjoy. And it's SHORT. It provides a comprehensive view of business organizations in fewer than 850 pages, including some light-hearted (and light-headed) efforts at humor. We don't force the professor to spend hours trying to determine what parts of a bloated book are important enough to assign. We have done the distilling for you. The book features the innovation of asking questions before most cases (as well as after), to focus the students' reading. The combination of cases is compelling - the old classics plus new teaching vehicles that will become classics. In addition, the second edition features up-to-the minute discussion of new developments such as CEO compensation and Sarbanes-Oxley. These materials can be adapted to almost any need. For those desiring full coverage of publicly traded corporations, no problem, as the book treats Section 16b, proxy fights, and takeovers. Those desiring to leave those materials out will find plenty for a full three- or four-credit course on the variety of business structures.

(Black & White version) Fundamentals of Business was created for Virginia Tech's MGT 1104 Foundations of Business through a collaboration between the Pamplin College of Business and Virginia Tech Libraries. This book is freely available at: http://hdl.handle.net/10919/70961 It is licensed with a Creative Commons-NonCommercial ShareAlike 3.0 license.

According the United States Small Business Administrationâe(tm)s most recently released date, there are more than 9 million small businesses in the United States and almost 250,000 new ones started every year. Of those new businesses, half will fail in the first 12 months and part of that failure is due to the lack of information about how to start and develop that business. Without the right legal form of business, you may end up paying too much in taxes, failing to comply with certain laws, or miss out on certain breaks that you deserve. This book provides you with a complete guide, discussing all four major forms of business, which one is right for you, and how your decision may affect you in the future. The first thing you will read about is the list of non-legal issues you need to deal with before you start the business creation process. In addition, you will learn which form of business is ideal for your particular situation with a short overview of each type, a comparison of what each offers, and how the legal implications of each might apply to you. You will learn specifically how to choose between an LLC and a corporation in instances where it might not be immediately clear which is best for you. You will also learn which special business structures are best suited to your needs if you do not fit into any of the four primary categories. The process of structuring a partnership is outlined, along with how to create a written agreement and how to change a partnership after the business has been created. You will also learn how to create a corporation, including the structure you will use, how to establish financing, the compensation you will provide yourself, whether you need a lawyer, the 13 step process of starting and filing your corporation, and what you need to do immediately afterwards. The number of members needed to create an LLC is provided as well, along with how to structure management and determine financing and compensation. Hours of careful interviews were conducted with successful small business owners and legal experts to help create a comprehensive collection of materials that will guide you through the processes above, as well as how to handle transition of ownership and the extended process of naming your business âe" including the legal implications of this process, what you need to know about trademarks and service marks, how to protect your own trademarks, and where to do name searches. The licensing and permit processes, as well as the tax structures for each business type, are included for federal, state, and local laws, while additional information is provided on how to build your home-based business as opposed to one in a physical location. If you are looking to create a new business and do not know which format is best for your needs, this book will walk you through each step of the selection process, making sure your new business meets all applicable laws and regulations.

This book examines the role of officers, directors and shareholders in the governance of the modern publicly held corporation.