Series 79: Organizational Structures

Taken from our Series 79 Top-off Online Guide

Organizational Structures

The traditional and simplest forms of business organizations are the sole proprietorship (for individuals) and the partnership (for more than one person). While these structures are not without benefits in the right situation, they present disadvantages: they do not shield their owners from unlimited liability, they require their owners to pay taxes on all business profits on individual tax returns (pass-through taxation), they do not survive their owners, and they are generally unsuited to complex busi

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