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When incorporating your small business, the name of your corporation must comply with the rules of your state's corporation division. You should contact your state's office for specific rules, but the following guidelines generally apply.
The name cannot contain certain words prohibited by the state, such as Bank, Cooperative, Federal, National, United States or Reserve.
Types of Ownership Structures
Learning about the various types of legal structures available for your business: corporation, LLC, partnership and sole proprietorship.
To decide on an ownership structure for your small business, you must learn about how each structure works. Here are the forms of doing business:
Highland town sole proprietorship
IN partnership
Highland town limited partnership
Indiana limited liability company (LLC)
IN corporation (for-profit)
Indiana nonprofit corporation (not-for-profit)
Highland town cooperative.
LLCs are similar to corporations because they also provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their shares of the business income on their personal tax returns.
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