1. Fill in the grid below with simple one or two word answers. Examples are listed and the first column is completed for an example.
				General			"S"	"C"
	Characteristic	Proprietorship	Partnership	Partnership	LLC	LLP	Corp.	Corp.
	Liability	Personal
	(Personal, Company Only, Depends)
	Taxation	Personal
	(Personal, Company/Double)
	Ease of Outside Fund Raising	Harder
	(Easier/Harder)
	Set Up and Governance	Very Easy
	(Easier/Cheaper - Harder/Expensive)
	Typical Users	One Person
	(Company Size or Type)
2. Complete the grid below to understand the tax implications of these types of organizations.
				General			"S"	"C"
	TAXES	Proprietorship	Partnership	Partnership	LLC	LLP	Corp.	Corp.
	Net Income Before Taxes	100,000	100,000	100,000	100,000	100,000	100,000	100,000
	Corporate Tax Rate @ 25%	0%
	Corporate Taxes Paid	-	-	-	-	-	-	-
	Net Income Before Taxes	100,000	100,000	100,000	100,000	100,000	100,000	100,000
	Personal Income Tax Rate @ 25%	25%
	Personal Taxes Paid	25,000	-	-	-	-	-	-
	Total Taxes Paid	25,000	-	-	-	-	-	-