LLC vs S Corp: differences between S corp and LLC

A complete comparison of LLC vs S Corp differences, tax benefits, similarities; as well as the advantages and disadvantages of LLC and S Corp. An LLC may be used in many countries and under different names. It is not a corporation in the sense of being a separate legal entity; rather, it …

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LLP vs LLC: differences, tax benefits, pros and cons

Comparison of the differences between LLP vs LLC, their similarities, advantages and disadvantages of LLC vs LLP and their associated tax benefits. Owners are still liable for their own negligent acts, malpractice, and liabilities related to their ownership of the firm. LLP is more flexible than a regular corporation or partnership because …

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Kinds of business: 10 different types of businesses

There are different kinds of business organizations. We will discuss a list of 10 different types of businesses, their examples, and their structure. List of 10 different types of businesses Sole proprietorship Limited liability company (LLC) Partnership Corporation – C corp Corporation – S corp Corporation – B corp Corporation – nonprofit …

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Expansionary Fiscal Policy Examples and Graph

During a recession, if the government uses an expansionary fiscal policy to increase GDP, the growth of the economy will be accelerated. Also, the aggregate demand curve will shift to the right. This is because, during this period, the economy operates below the level of full employment and the economic growth is …

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Free enterprise system definition, examples and benefits

Free enterprise system definition A free enterprise system is defined as an economic system in which the prices of goods and services are determined by unrestricted competition between privately-owned businesses. Also, it can be defined as an economic system in which the ownership of businesses, and activities relating to how businesses are …

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Credit card refinancing vs debt consolidation

The comparison of credit card refinancing vs debt consolidation in terms of their differences and similarities, as well as the advantages and disadvantages of both credit card refinancing and debt consolidation. Credit card refinancing vs debt consolidation Common reasons for consolidating debts are to take advantage of a lower rate on the …

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