legal(2/0)

Analysis of articles of incorporation

This is a comparison of the articles of incorporation for an LLC published by the United States and by India. Similarities The foremost similarity between the Indian and American articles of incorporation for a limited liability corporation (LLC) is the concept of business members and business managers or directors. Membership in the Indian articles is closely tied to ownership of shares (3.ii), and the American articles also tie membership with business share ownership (2.…

Choose a corporate identity carefully

Choose the corporate identity that makes legal and tax sense for your circumstances. In the United States, five legal entities are typical among businesses: sole proprietorship, partnership, C corporation, S corporation, and LLC. Each has its tax benefits and hindrances depending on the circumstances of the business. Sole proprietorships are simple to stand up and easy to incorporate into a person’s existing tax documents. Instead of separate tax preparation, a sole proprietorship adds a Schedule C form to their 1040 ((Clydebank, pg.…