what other types of business's r there, Incorporated,sole proprietor,and .....?

Question

i am interested to know the legallities of diference,sole proprieter.incorporated,and ????,or Ltd. ??

Answer 1

Sole proprietor - Full Liability of the owner

Partnership - Full liability of each of the partners (unless limited by agreement)

Corporation - almost zero liability for people involved - corporation is a legal entity, pays it's own tax etc.