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VCA is also the administrator and operator of the scheme for the approval of packages for the carriage of dangerous goods in the UK. Each mode of transport has its own set of International Regulations but all use packaging as defined in the United Nations (UN) recommendations for the transport of dangerous goods. The requirements for approved packaging are put into effect by separate Statutory Instruments. VCA also operates, on behalf of the DfT, Business Innovation and Skills (BIS) and the Department for Environment, Food and Rural Affairs (DEFRA), as. | SELECTING A BUSINESS STRUCTURE An Informational Guide to Forming Businesses By Chris Williams Vice-President of Operations 21st Century Alliance Manhattan Kansas Previously Extension Assistant Department of Agricultural Economics Kansas State University David Barton Director Arthur Capper Cooperative Center Professor Department of Agricultural Economics Kansas State University David Coltrain Extension Assistant Arthur Capper Cooperative Center Department of Agricultural Economics Kansas State University May 2000 Arthur Capper Cooperative Center Department of Agricultural Economics Cooperative Extension Service Kansas State University TABLE OF CONTENTS CHAPTER 1 INTRODUCTION TO LEGAL FORMS OF BUSINESS.4 1.1 DETERMINING YOUR BUSINESS STRUCTURE.4 1.2 FACTORS OF SELECTION. 4 1.21 Liability.4 1.22 Taxation.4 1.23 Legal Filing Formalities.5 1.24 Financing.5 1.25 Management. 5 1.26 Life of the Business.5 1.3 STRUCTURE OF THIS PAPER.5 CHAPTER 2 PROPRIETORSHIPS AND PARTNERSHIPS.5 2.1 SOLE PROPRIETORSHIPS DEFINITION.5 2.11 Liability.5 2.12 Taxati on. 5 2.13 Legal Filing Formalities . 5 2.14 Financing . 6 2.15 Management. 6 2.16 Life of Business . 5 2.2 GENERAL PARTNERSHIPS DEFINITION.6 2.21 Liability. 6 2.22 Taxati on. 6 2.23 Legal Filing Formalities . 6 2.24 Financing . 6 2.25 Management. 6 2.26 Life of Business . 6 2.3 LIMITED PARTNERSHIPS DEFINITION.7 2.31 Liability.7 2.32 Taxati on. 7 2.33 Legal Filing Formalities . 7 2.34 Financing . 7 2.35 Management. 7 2.36 Life of the Business.7 2.4 LIMITED LIABILITY PARTNERSHIPS DEFINITION.7 CHAPTER 3 CORPORATIONS. 7 3.1 C CORPORATION DEFINITION.7 3.11 Liability.8 3.12 Taxation.8 3.13 Legal Filing Formalities.8 Articles of Incorporation.8 Corporate Bylaws.9 3.14 Financing. 10 3.15 Management. 11 3.16 Life of the Business.11 2 TABLE OF CONTENTS CONTINUED 3.2 S CORPORTATION DEFINITION. 11 3.21 Liability. 11 3.22 Taxati on. 11 3.23 Legal Filing Formalities . 12 SC Eligibility Requirements. 12 Making an SC Election. 14 Termination of an