3.4.24 Business Entities

LO1 : Separate Legal Entities

  • what is it and why is this distinction important?

LO2 : Entity Comparison

  • what are the key differences between sole proprietorships, partnerships, limited partnerships, corporations and limited liability companies?

LO3 : Entity Formation and Governance

  • how do you form a separate legal entity and what documents are necessary/required for formation and governance?

Separate from what?

  • business separate from owner