Legal Question in Business Law in Illinois
Legal Structure
When writing out a buisiness plan, what is meant by ''legal structure of the business''?
Asked on 7/02/01, 11:38 am
1 Answer from Attorneys
Lawrence A. Stein
Aronberg Goldgehn Davis & Garmisa, LLC
Re: Legal Structure
Generally, "structure" relates to whether the business is a corporation, partnership, limited liability partnership, or sole proprietorship. "Structure" can also relate to how the assets, liability, and ownership of the business are arranged.
Answered on 7/02/01, 1:52 pm
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