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The most common forms of legal structure are the sole proprietorship, the partnership, and the corporation. An LLC is a relatively new business structure.There are general partnerships and limited partnerships. A corporation is an artificial person with most of the legal rights of a real person.

Differences Between an LLC and a PLC An LLC is a privately owned business while a PLC is one that is publicly traded on the stock market.An LLC is a common business entity formed under state law. Certain states allow specialized LLCs, such as a professional limited liability company (PLLC).

Professional Limited Liability Company. It's the same as an LLC but reserved for professional services (doctors, lawyers, accountants, etc.).

Though you may have heard about a number of different types of ownership when researching business options, there are only four primary types that you'll likely have to consider: sole proprietorships, partnerships, limited liability companies and corporations.

How a Public Limited Company (PLC) Works. A PLC designates a company that has offered shares of stock to the general public. The buyers of those shares have limited liability. Meaning, they cannot be held responsible for any business losses in excess of the amount they paid for the shares.

The legal form (also known as legal status) is defined according to national legislation. It is useful for eliminating ambiguity in identification searches and as the possible criterion for selection or stratification for surveys. It is also used for defining the institutional sector.

The most common forms of legal structure are the sole proprietorship, the partnership, and the corporation. An LLC is a relatively new business structure.A partnership is two or more people voluntarily operating a business as co-owners for profit. There are general partnerships and limited partnerships.

If you want sole or primary control of the business and its activities, a sole proprietorship or an LLC might be the best choice for you. You can negotiate such control in a partnership agreement as well. A corporation is constructed to have a board of directors that makes the major decisions that guide the company.

Sole Proprietorship. Partnership. Private Corporation. S Corporation. Limited Liability Company (LLC)

Tennessee Certificate of Merger of PLC Properties LLC

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