Corporation Legal Forms

This document discusses the different legal forms of business organization. It outlines six common forms: sole proprietorship, general partnership, limited partnership, limited liability company (LLC), C-corporation, and S-corporation. For each form, it provides a brief description and highlights key characteristics such as ownership structure, liability, tax treatment, and registration requirements. The LLC is described as a hybrid structure that provides both limited liability like a corporation and tax efficiencies and flexibility like a partnership.