To match the items, click the example, and then click the business structure.
Sole proprietorship
Doug and Vanessa want to start a carpet cleaning
business together and share the ownership and profits.
They are not concerned about personal liability. They want
the business to be fairly simple to set up.
S corporation or LLC
Esperanza is starting a business by herself as an
illustrator for magazines and children's books. She isn't
concerned with personal liability, but she wants the
business to be easy to set up.
Robyn wants to turn her sole proprietorship as a tutor into
a larger company with many owners and liability
protection. She is willing to deal with double taxation and a
complicated setup process.
C corporation
Cuba is starting an event planning company. He wants to
protect his liability, and he would prefer pass-through
taxation.
Partnership
Ming is starting a business with the purpose of fighting
hunger in her community. She doesn't care about making
a profit and is willing to reinvest any income back into her
products and services.
Nonprofit corporation