What type of business entities are covered under small business law?

Small business law in Florida regulates the formation and operation of different types of business entities. The main types of business entities that are covered by small business law in Florida are corporations, limited liability companies (LLCs), partnerships, and sole proprietorships. A corporation is an independent legal entity that provides limited liability protection to its owners. Corporations can be formed under either state or federal law. To create a corporation, owners must file Articles of Incorporation with the Florida Department of State. A limited liability company (LLC) is a business entity that combines the advantages of partnership and corporate organization. An LLC provides limited liability protection to its owners and also allows for customized management and operating flexibility. LLCs must be formed under state law by filing Articles of Organization with the Florida Department of State. Partnerships are a type of business association that is formed when two or more people come together with the intent to conduct a business. Partnerships are commonly formed under state law. In Florida, a partnership must file a Statement of Authority with the Florida Department of State to be formed. A sole proprietorship is the simplest form of business entity and is essentially a one-person business. This type of business entity does not require filing any documents or paperwork with the state. The owner of a sole proprietorship is responsible for all debts and liabilities associated with the business. In summary, small business law in Florida covers corporations, limited liability companies (LLCs), partnerships, and sole proprietorships. Each type of entity has its own set of rules and requirements that must be followed in order to remain in good standing.

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What type of business entities are covered under small business law?

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