SOKHA SENG
UEI COLLEGE GARDENA BUSINESS OFFICE ADM. / TASK2 ACCOUNTING MOD 11O FRANK EZENEKWE MBA
TYPE OF COMPANY STUCTURES The business Type
SOLE
PRO (DBA)
LLC the most popular
INC must have s positions
Definition Is owned by one owner. (small)
is owned by more than one person but it kind of small just own more than one owner.
is owned by stock holders or (shares holders)
What you need to create it. DBA Fictitious, business Name
Benefit/Use You keep all the money You own everything You can lose everything
.flexable Article of Organization
.Article of Incorporation
.easy to open, easy to close .Liability is limited .cheaper to create its for life .sell stocks to raised money separated entility full protection under law
Costs/ Places : In city Norwalk registrastion office $12
.online registrastion office $149
.online registration office $300
THANK YOU!