BUSINESS STRUCTURES
Business structures refer to the legal and organizational frameworks in which businesses operate. The structure a company chooses can affect its legal and financial responsibilities, management style, taxes, and overall operations. Here are some common business structures:
- Sole Proprietorship – This is the simplest form of business ownership, where a single individual owns and operates the business.
- Partnership: A partnership is a business structure in which two or more people share ownership and decision-making responsibilities.
- Limited Liability Company (LLC): An LLC is a hybrid business structure that combines the tax benefits of a partnership with the limited liability protection of a corporation.
- Corporation: A corporation is a separate legal entity from its owners, known as shareholders. Corporations offer limited liability protection to their shareholders.
- Cooperative: A cooperative is a type of business that is owned and operated by its members who share profits and decision-making responsibilities.
There are many more types of structures, for example of the associative type, Foundations and structures that group others, holding companies, groups, etc.
The choice of business structure may vary depending on the goals and objectives of the promoters and the legal and tax implications of each structure. In that choice you will have us as advisers to advise you on the best option, as managers to carry out and implement your decision and as partners and travel companions to carry out your projects.