Limited Liability Partnerships Joint Venture S-corporation Limited Liability Company Non Profit Corporation Cooperative Franchises

Brittany Bay Limited liability partnership (LLP):

 A limited liability partnership is a partner ship that provides the individual partner protection.  Differing from the general partner ship the LLP gives protection, to all individuals, for personal liability.

Brittany Bay Joint Venture:

 A joint venture is when two different partnerships, or companies, join together.  Having a joint venture allows the two companies to come together, but without merging as one sole company.

Brittany Bay S-corporation:

 S-corporations are corporations that meet the guidelines of the IRS. In other words any profits earned by the corporation are not taxed, at a corporate level, instead at the level of shareholders.  A shareholder is any company or person that owns at least one share in a company.

Brittany Bay Limited liability company (LLC):

 An LLC is when the shareholder has limited liability to what the companies actions are.  An LLC is a hybrid of a corporation and partnership.

Brittany Bay Non profit corporation:

 A non profit corporation is a corporation that is given tax free status.  A non profit corporation does not profit from their business.

Brittany Bay Cooperative:

 A cooperative is owned and managed by its members. The groups strive to have better-quality services to separate themselves from other businesses.

Brittany Bay Franchises:

 A franchise is a method to starting a business, particularly for the businesses that desire to function above competitors.  A big plus to having a franchise is with this you have access to other company’s brand name items.

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