Business (LLC)

Business (LLC)

Introduction

It is often observed that, organizations start their business with any particular idea of business type. It is because of the reason that, it is necessary for the organizations to have clear idea that what kind of business entity they have to establish. Recent researches and studies demonstrate that, most common types of business may include S corporation, corporation, partnership, LLC and sole proprietorship. LLC (limited liability Company) is one of the latest structures of the business that is permitted by the statute of the state (Anonymous, n.d.). The proceeding paper incorporates the discussion regarding this innovative business practice. ...