@ CK Alterations
Liability
Unlimited personal liability
Unlimited personal liability unless structured as a limited partnership
Owners are not personally liable
Owners are not personally liable Owners are not personally liable
Taxes
Personal tax only
Self-employment tax ( except for limited partners ), Personal tax
Self-employment tax Personal tax or corporate tax
Corporate tax Personal tax
Owners are not personally liable Corporate tax
Table provided by SBA . gov
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