Taxmen Solutions offers a wide range of Financial Services not only at the Individual levels but also at the Business level. In the US, a Business entity can be incorporated under as any of the following:
Sole proprietorship
A sole proprietorship is the simplest and most common structure chosen to start a business. It is an unincorporated business owned and run by one individual with no distinction between the business and the owner. You are entitled to all profits and are responsible for all your business's debts, losses and liabilities.
Partnership
A partnership is a form of business where two or more people share ownership, as well as the responsibility for managing the company and the income or losses the business generates. That income is paid to partners, who then claim it on their personal tax returns – the business is not taxed separately, as corporations are, on its profits or losses.
Limited Liability Company (LLC)
A limited liability company (LLC) is a business structure in the United States whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
Corporation
Corporation are entities with limited legal liability and have a corporate wale separating them from their owners. A corporation may be run by one person or many (called directors director). Taxation of corporations is much more complex than any other business entity.