In a sole proprietorship, the business is owned by one person and is legally indistinguishable from the owner. Although the proprietorship is owned by only one person, it can employ many. Some people ...

Limited liability companies and limited liability partnerships are special organizations that hybrid aspects of partnership with benefits of corporations. Limited liability companies (LLCs) involve ...

As discussed last month, the annual business structure review is the most effective way to continue working toward your goals and get the best possible tax advantages for your business. This month, ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Andrew Beattie was part of the original editorial team at Investopedia and has spent twenty years writing on a diverse range of financial topics including business, investing, personal finance, and ...