Sole Proprietorships / Limited Partnerships / General Partnerships / Charitable FLPs / Relational Partnerships
Family Limited Partnerships/FLLC / Limited Liability Companies / C Corporations / S Corporations / 501(c)3
Garnishment used as a Protector/ UCC 1 Connection

Asset  Protection ...

"A man with an experience is never at the mercy of one who only has a theory."  Unknown

[See our special offer for the complete American Jurisprudence, 2d Edition on a two CD-ROM set for Windows/DOS/MAC]

We're at a crossroads and "Until the day when our institutions can be trusted to serve us as fiduciaries and when we can be educated to understand the limitations of the world we have constructed, litigation will remain the hallmark of a free and just society."   -  Jethro K. Lieberman, The Litigious Society

 

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If you want more information on fiduciary responsibility; click on the download link below to get the complete, absolutely free, forty-nine page Adobe .pdf (or optional .zip) format file "AGENCY and FIDUCIARY RESPONSIBILITY IN THE USE OF TRUSTS, WILLS and PARTNERSHIPS".

 

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Different Types of Business Entities

The table below shows some of the basic differences between the available forms of businesses. Click on any of the links above for more detailed information.

Type of Company

Liability

Operations

Management

Raising
Capital

Sole Proprietorship

Unlimited

Simple

Proprietor

Difficult

General Partnership

Unlimited To All Partners

Simple

Partners

--

Joint Venture

Unlimited To All Partners

Simple

Partners

--

Limited Partnership

Limited to Partners %

Medium

Partners

--

1041 Irrevocable Business Trusts (unincorporated)

No

Medium

Trustees

Possible

Limited Liability Company

No

Medium

Members

Possible

Corporations

No

Difficult

Board

Stock

S-Corporations

No

Difficult

Board

Stock

Can you read this?

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Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be at the rghit pclae. The rset can be a total mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe. Rellay amzanig huh?
 

So you see, your education begins with your need to know that the world you live in is not always as it appears.

You [might] have been deceived !

 

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C. Francis Baldwin
chasbaldwin@surewest.net
Updated Wednesday, May 26, 2004