Google For Small Companies
Generally, firms are required to pay tax identical to “real” folks. General companions in a partnership , plus anybody who personally owns and operates a business with out making a separate legal entity, are personally answerable for the debts and obligations of the business. Where two or more people personal a business together however have failed to organize a more specialized form of automobile, they will be handled as a general partnership. The terms of a partnership are partly ruled by a partnership agreement if one is created, and partly by the regulation of the jurisdiction where the partnership is…