Understanding business entities is essential to the effective planning, formation, growth, and continued management of a business venture. This text provides a straightforward guide for entrepreneurs, managers, and professional practitioners who need a thorough understanding of the key attributes of the most common types of business entity. It covers issues including: entity formation, governance, location, maintenance, ownership, control, authority, liability, compensation, taxation, and funding. It also discusses the use of specific entity types for startup ventures, where to form the...