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Formation and characteristics and hybrid business forms

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Reference no: EM132189040

Discussion Assignment - Partnerships: Formation and Characteristics & Hybrid Business Forms

In your Original Post:

1. Visit the Ohio Secretary of State Website. Browse the Business Services portion of the website. Explain what information is available to the public on this site and why it is important for consumers, businesses, and persons looking to start a business.

2. If you were to start, operate or work for a Non-Profit Organization what does the Ohio Secretary of State Website suggest that you consider before business operations begin?

3. If you were to start your own for-profit Limited Liability Company here in Ohio, what are some major considerations or steps you should undertake in starting your LLC? (Note: you are starting this business from nothing, so in addition to several other considerations, please indicate what paperwork, including the form numbers, you would need to file with the State of Ohio.)

4. Now that you have browsed the Ohio Secretary of State Website and learned about the various types of business forms, why would someone choose to operate as an S-Corporation rather than a Partnership?

Reference no: EM132189040

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