What Is the Meaning of Unincorporated Business? Unincorporated Business Overview

Unincorporated businesses are sole proprietorships and partnerships. These include businesses owned by one or more individuals. Each partner can make decisions and share profits. They’re liable for debts and must pay income tax on earnings. LLC vs. Unincorporated Business What is the difference between an LLC and an unincorporated business? An LLC is separate from … Read more