Before the creation of S Corporations, entrepreneurs could form a corporation, partnership, or sole proprietorship, and that was it. None of these choices was the best for small businesses or family-owned businesses though. Recognizing this, congress created the subchapter S statutes creating a hybrid between the C Corporation and the partnership or sole proprietorships.
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Module 1.1 - The Importance of Legal Formats |
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Module 1.2 - Sole Proprietorships |
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Module 1.3 - Partnerships |
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Module 1.4 - Limited Liability Companies |
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Module 1.5 - C Corporations |
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Module 1.6 - S Corporations |
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Module 1.7 - What's Best for You |
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