This article deals primarily with the massive personal business organizations made up mainly of partnerships and limited-liability companies—known as collectively business associations. Some of the rules of operation included right here additionally apply to giant individually owned firms and to public enterprises. When we talk about entities, we’re referring to the sort or construction of the enterprise as opposed to what the business does. Business entities are subject to taxation and should file a tax return. Some business entities are thought of for federal tax purposes to be not separate from its owner.
With info for threat managers, insurers, brokers and different providers of insurance services, Business Insurance delivers in-depth analysis on new and emerging risks, case studies of profitable packages, market intelligence on developments, and guidance on the way … Read More