Unlimited liability companies include:
-Sole proprietorship: general independent contractors, consultants or freelancers can choose this. You don't need to submit any forms to start your business. The tax return is only reported in the individual tax return 1040 table C. This kind of company form and setup is the simplest and easiest to cancel. (If it is a one-person limited liability company, it is also taxed according to the sole proprietor, that is, Schedule C is also filled in this way).
-General partnership (operated by two or more persons)
Limited liability companies mainly include:
-LLC: This type of company is very simple and clear. For small enterprises, this is a more suitable form, and it is also very suitable for foreigners to register LLC. LLC has no restrictions on owners, and foreigners can also be owners. A limited liability company can be managed by members or managers. In this way, the owner can directly manage LLC as a member, without troublesome things like the board of directors. In addition, LLC does not need to hire people. One person can do it.