Special Business Forms - Explained

The video tutorial explores various business entity forms in the U.S., including common types like general partnerships, LLCs, and corporations, as well as special forms like limited partnerships and nonprofits. It discusses the unique characteristics of each entity, focusing on taxation and liability. The tutorial also covers strategic choices between nonprofit and for-profit entities, and the specific uses of limited partnerships and LLPs. Professional and benefit corporations are explained, highlighting their tax implications. The video concludes by encouraging further exploration of these business entities.

What is the purpose of a limited liability partnership?

How does a benefit corporation differ from a nonprofit?