Beasley & Gilkison: Business Organizations—The Versatility of the Limited Liability Company
By: Ben Freeman, Attorney at Law— Muncie, IN—When starting a business, the entrepreneur has several options for organizing a company. Choosing the right type of organization is important. Many small businesses operate as a sole proprietorship or a partnership. These types of organizations are easy to establish and at little or no cost to the entrepreneur. Corporations, on the other hand, can be very complex and require the dedication of time and money to manage properly. The limited liability company…
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