The choice-of-entity maze
By: Porcaro, Gregory A [author]
Language: English Set: The choice-of-entity mazeCopyright date: 2007 In: Journal of Accountancy Vol. 203 Issue 3: ( March 2007), pages 64-68Summary: The article examines the different business designations available to business enterprises in the United States and advises accountants on how to chose the right entity name for a client business. The differences between a corporation and a limited liability company (LLC) are discussed. The article advises that before choosing an entity name accountants should consider a number of factors including the likely capitalization of a concern, compensation and shareholder influence on wages, the allocation of profits and losses and distributions.| Item type | Current location | Home library | Call number | Status | Date due | Barcode | Item holds |
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JOURNAL ARTICLE
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COLLEGE LIBRARY | COLLEGE LIBRARY PERIODICALS | Not for loan |
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The article examines the different business designations available to business enterprises in the United States and advises accountants on how to chose the right entity name for a client business. The differences between a corporation and a limited liability company (LLC) are discussed. The article advises that before choosing an entity name accountants should consider a number of factors including the likely capitalization of a concern, compensation and shareholder influence on wages, the allocation of profits and losses and distributions.
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