8/17/2019 Business Org Chart

http://slidepdf.com/reader/full/business-org-chart 1/1

Business Organizations

Formation Financial Mgmt Voting Liquidity Liability Change Tax

Partnership

eneralPartnership!P"

 #ssociation $harepro%its

equal&agent

equal no 'oint&se(eral unanimous Passthrough

LimitedLiabilityPartnership!LLP"

 #ssociation) %iling

$harepro%its

equal&agent

equal no limited unanimous Passthrough

LimitedPartnership!LP"

%iling $harepro%its

LP*noP*yes

agreement LP*yesp*no

LP*limitedP*'oint&se(eral

unanimous Passthrough

Corporation

CCorporation!publiclyheld"

%iling di(idends board +irectors )%undamentaltransactions

yes limited Board )ma'ority

entity

Limited Liability Company !LLC"

Member*Managed

Filing !) ,&-.$"

+i(idends )salaries

board +irectors )%undamentaltransactions

/o Limited Board )ma'ority

Passthrough

Manager*Managed

Filing 0qualdistribution

manager equal no limited unanimous Passthrough