Limited Liability Company: Still the Best Choice for Most Small Businesses
Author: Martha Doran.; G.E. Whittenburg.; Radie G. Bunn.
Source: Volume 21, Number 04, Summer 2004 , pp.392-401(10)
< previous article |next article > |return to table of contents
Abstract:
This article examines the choice of legal entities available for small business owners. The advantages and disadvantages of a sole proprietor, partnership, C corporation, S corporation, and the Limited Liability Corporation (LLC) are evaluated. It is determined that the LLC is the best choice of entity for many small business owners.Keywords:
Affiliations:
1: School of Accounting, San Diego State University; 2: School of Accounting, San Diego State University; 3: School of Accountancy of Southwest Missouri State University.