If you never created a formal business structure, then by default you have a sole proprietorship (one owner) or general partnership (multiple owners).
In a partnership, the owners retain personal liability for the firm's debts, but now investment banks are publicly traded corporations (and also bank holding companies, since the crisis) and law firms are limited liability partnerships.
For all of the talk about player-owner partnerships and owners' platitudes about the importance of the players, the one thing owners will never easily give up is something they cherish: total ownership.
If the startup manages to scale properly its client base, its runner base and its partnerships, store owners will end up paying the delivery fee.
Unsurprisingly, they bypass "corporation," "partnership," "single-owner" et al, and unabashedly opt for "disregarded entity".
You'll need to submit quarterly estimated taxes four times annually to the IRS as an individual, sole proprietorship, partnership, or owner of an S corp if you expect to owe at least $1,000 in taxes.
The union that has not yet taken advantage of what could be a partnership with the owners.
Mex-to-go is a partnership among Jonathan Pratt and Craig Purdy (owners of the nearby Umami Cafe, Peter Pratt's Inn in Yorktown Heights and Jackalope BBQ in Fishkill) and Olin Moran.
A partnership with the owners of "The Tale of Peter Rabbit" is to result in an animated preschool series in 2012, the same year "Teenage Mutant Ninja Turtles" is slated to come back to life on Nick.
"This is not a 'museum' show," said Meg Geslin, the organizer of Avenue-Wendy Shows, a new partnership between the owners of Avenue Magazine and the Wendy Shows, a longtime organizer of antiques shows.
There was a wholesale bakery in Amagansett that has since been sold, and an attempt to open a restaurant in Midtown Manhattan in partnership with the owners of a carpet store that collapsed over creative differences.
