Business Structure
» Business Structure, Volume 4, Issue 7, 2004
If the business changed legal forms in the last three years.
4a. What was the prior legal status? A proprietorship, a partnership, a C-corporation, an S-corporation, or an LLC?
Response | ||||
---|---|---|---|---|
1 | Proprietorship | 57 | ||
2 | Partnership | 7 | ||
3 | C-corporation | 12 | ||
4 | S-corporation | 3 | ||
5 | Limited liability corporation | 14 | ||
6 | DK/Refuse | 7 | ||
Total (%) | 100 | |||
N | 51 |
Notes: Fifty-seven (57) percent of small, employing businesses changing legal forms in the last three years moved from a proprietorship to another legal form (Q#4a).