APM Module 1
sole proprietorship
- easy to set up, little to no cost
- only needs a business license from local county
- pass through taxation
- assets directly to owner
- raising capital is difficult
- exit strategy simple but large tax implication
- no filing
- not protected
s- corp
- limitation of shareholders
- directors and officers manage the company
- no flexibility of how profits are split- split in accordance with ration of stock
ownership
- salaries of ownership subject to employee tax
- pass through tax of dividends/distribution
- state and federal filing
LLC
- greater flexibility in ownership & ease of op
- no restrictions in ownership
sole proprietorship
- easy to set up, little to no cost
- only needs a business license from local county
- pass through taxation
- assets directly to owner
- raising capital is difficult
- exit strategy simple but large tax implication
- no filing
- not protected
s- corp
- limitation of shareholders
- directors and officers manage the company
- no flexibility of how profits are split- split in accordance with ration of stock
ownership
- salaries of ownership subject to employee tax
- pass through tax of dividends/distribution
- state and federal filing
LLC
- greater flexibility in ownership & ease of op
- no restrictions in ownership
