A type of company that is owned by a single individual, and where the individual and the business are legally treated as the same.
Limited Liability Company (LLC)
A type of company where owners are not held personally responsible for the organization's liabilities.
Limited Liability Partnership (LLP)
A type of company where only one of the partners is liable for the amount invested in the organization and is not accountable for the behavior of the other partner(s).
A type of company that exists as a separate unit from owners and shareholders, thereby protecting each individual from liability that exceeds the original investment.
Private Corporation (PC)
A type of company whose shares are not purchased or traded publicly.
An organization that reinvests profit into the goals of the company instead of distributing to owners and shareholders.