This required section requests basic information regarding the planned or currently existing business. Press [Ctrl+F1] for more information.
This optional section requests information regarding the business premises, the geographical area in which the business operations will be conducted, and fringe benefits. Press [Ctrl+F1] for more information.
This optional section provides summary accounting information. Press [Ctrl+F1] for more information.
This optional section provides information regarding the persons who will manage the business. Press [Ctrl+F1] for more information.
This optional section provides information regarding the non- management employees. Press [Ctrl+F1] for more information.
This optional section requests information regarding the business' financial and professional advisors. Press [Ctrl+F1] for more information.
This optional section identifies the preferences of the owners regarding important factors that determine the appropriate form of business entity. Press [Ctrl+F1] for more information.
Arial
Times New Roman
Business Entity Planning Worksheet
ENTITY
The Business Entity Planning Worksheet is a worksheet that can be used to identify basic information that is needed to form a new business or change the form of an existing business.
salessales
! Basic Information Section (1 of 7)
BUSINESS ENTITY PLANNING
Forms of business entities include sole proprietorships, partnerships (general and limited), corporations ("C" and "S"), and limited liability companies.
I would like more information regarding the following:
! - Sole proprietorship
! - Partnership (general)
! - Limited partnership
! - "C" corporation (regular)
! - "S" corporation
! - Limited liability company
I would like more information because:
! - my current business is expanding.
! - I want to organize a new business.
! - a different form of organization for my current business is being required by a lender.
! - I want to take advantage of certain tax benefits.
! - !
Name of the Business: !
! Trade Name: !
!, ! !
Telephone: ! Extension: !
BUSINESS ACTIVITIES: This business
! is an existing business, with approximately ! employees and annual ! of approximately $!.
! will be a new business, with an initial number of employees of approximately !, and anticipated first year ! of approximately $!.
The primary activities of the business can be described as follows:
The Owners - Names, Addresses and Percentages of Ownership: This business is (or will be) owned by the following persons or entities in the percentages shown:
Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
! Name: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Percentage ownership of business: !%
Enter an X for more information regarding sole proprietorships. Press [Ctrl+F1] for summary information.
Enter an X for more information regarding general partnerships. Press [Ctrl+F1] for summary information.
Enter an X for more information regarding limited partnerships. Press [Ctrl+F1] for summary information.
Enter an X for more information regarding "C" corporations. Press [Ctrl+F1] for summary information.
Enter an X for more information regarding "S" corporations. Press [Ctrl+F1] for summary information.
Enter an X for more information regarding limited liability companies. Press [Ctrl+F1] for summary information.
Enter an X if one of the reasons is because of business expansion.
Enter an X if one of the reasons is because a new business is being formed.
Enter an X if one of the reasons is because a lender is requiring a change in the form of business as part of financing arrangements.
Enter an X if one of the reasons is because of the possibility of increased tax benefits.
Enter an X to include some other reason why a possible change in business form is being explored.
Enter an explanation of the other reason.
Enter the name of the current or proposed business, or use the P.I. Manager to select and paste a record.
Enter an X to include a trade name. For example, a business may have one name for legal or formal purposes, but use a different name (a trade name) for dealing with the public.
Enter the trade name.
Enter the business' street address or edit the information as desired.
Enter the business' extended street address or edit the information as desired.
Enter the business' city or edit the information as desired.
Enter the business' state/province or edit the information as desired.
Enter the business' zip/postal code or edit the information as desired.
Enter an X to include the country in which the business is located, if outside the United States.
Enter the country or edit the information as desired.
Enter the business' phone number or edit the information as desired.
Enter a telephone extension, if any or edit the information as desired.
Enter an X if the business is currently in existence.
Enter the approximate number of employees that are currently employed by the business.
Enter a term (e.g., "sales" or "gross revenues") that describes the income of the business.
Enter the approximate dollar amount of annual gross revenues or sales.
Enter an X if the business is a new business venture.
Enter the anticipated number of employees that are expected to be employed by the business during its first year.
Enter the anticipated dollar amount of gross revenues or sales for the first year.
Enter a description of the primary activities of the business.
Enter the name of one of the owners or edit the information as desired. Use the P.I. Manager to select and paste a record.
Enter the owner's street address or edit the information as desired.
Enter the owner's extended street address or edit the information as desired.
Enter the owner's city or edit the information as desired.
Enter the owner's state/province or edit the information as desired.
Enter the owner's zip/postal code or edit the information as desired.
Enter an X to include the owner's country, if outside the United States.
Enter an X to include a phone number at which the owner may be reached during business hours.
Enter a phone number, including the area code, at which the owner may be reached during business hours or edit the information as desired.
Enter an X to include a phone number at which the owner may be reached during non-business hours.
Enter a phone number, including the area code, at which the owner may be reached during non-business hours or edit the information as desired.
Enter percentage of the business owned (or to be owned) by the owner.
Enter an X to include the name of another owner.
Enter the owner's name or use the P.I. Manager to select and paste a record.
! Optional Business Operations Section (2 of 7)
BUSINESS PREMISES: The premises where the business operations are (or will be) located
! are owned by the business.
! are owned by !.
! will be purchased by the business from !.
! are (or will be) leased from !.
! The appropriate name, address and phone number are as follows:
!, ! !
Telephone: ! Extension: !
GEOGRAPHICAL AREA OF BUSINESS OPERATIONS: The business will conduct its operations in the following geographical area:
FRINGE BENEFITS: The owners are
! interested in establishing the following:
! - Health care plan for employees.
! - Life insurance benefits for the employees.
! - Pension or profit sharing plan.
! - !.
! - !.
! not interested in establishing any health care benefits, employee life insurance benefits, or retirement benefits at this time.
Enter an X to include an optional section that requests information regarding the business premises, the geographical area in which the business operations will be conducted, and fringe benefits. Press [Ctrl+F1] for more information.
Enter an X if the business premises are owned directly by the business.
Enter an X if the business premises are owned by another party. For example, the owner of the business.
Enter the name of the owner of the premises.
Enter an X if the business premises will be purchased by the business from another party.
Enter the name of the party from whom the premises will be purchased.
Enter an X if the business premises are (or will be) leased from another party.
Enter the name of the party from whom the premises are (or will be) leased.
Enter an X to include the address and phone number of the party from whom the premises will be purchased or leased.
Enter the party's street address.
Enter the party's extended street address.
Enter the party's city.
Enter the party's state/province.
Enter the party's zip/postal code.
Enter an X to include the party's country, if outside the United States.
Enter the country or edit the information as desired.
Enter the telephone number of the party from whom the premises will be purchased or leased.
Enter an extension, if any.
Enter an X to include additional information regarding the business premises.
Enter the additional information.
Enter a description of the geographical area in which the business will conduct its operations. For example, "the state of Colorado", "the Twin Cities metropolitan area", or "the area within a 100 mile radius of Springfield, MO".
Enter an X if the owners of the business are interested in establishing fringe benefits (e.g., health care benefits, life insurance benefits, or retirement benefits).
Enter an X if the owners of the business are interested in establishing health care benefits for the employees.
Enter an X if the owners of the business are interested in establishing life insurance benefits for the employees.
Enter an X if the owners of the business are interested in establishing a pension or profit sharing plan for the employees.
Enter an X to include some other fringe benefit.
Enter a short description of the benefit.
Enter an X if the establishment of fringe benefits plans is not a significant current priority.
! Optional Accounting Information Section (3 of 7)
The following "balance sheet" identifies the assets, liabilities, and net equity of the business. This information was obtained from:
! a tax return
! company financial statements
ASSETS:
! Cash $ !
! Savings $ !
! Inventory $ !
! Accounts Receivable $ !
! Other Current Assets $ !
! Furniture and Fixtures $ !
! Equipment and Machinery $ !
! Real Estate $ !
! ! $ !
! ! $ !
! ! $ !
! ! $ !
! ! $ !
TOTAL ASSETS: $ !
LIABILITIES:
! Accounts Payable $ !
! Payroll Taxes and
Accrued Expenses $ !
! Line of Credit $ !
! Mortgages $ !
! Other Loans $ !
! ! $ !
! ! $ !
! ! $ !
! ! $ !
TOTAL LIABILITIES: $ !
NET EQUITY: $ !
Enter an X to include an optional section which summarizes the assets and liabilities, and calculates the net worth of the business. This type of summary is known as a "balance sheet". Press [Ctrl+F1] for more information.
Enter an X if the financial information was obtained from an income tax return.
Enter an X if the financial information was obtained from financial statements of the business.
Enter an X if the financial information was obtained from another source.
Enter the source of the financial information.
Enter an X to include CASH as an asset on the balance sheet.
Enter the total value of CASH owned by the business.
Enter an X to include SAVINGS as an asset on the balance sheet.
Enter the total value of SAVINGS owned by the business.
Enter an X to include INVENTORY as an asset on the balance sheet.
Enter the total value of INVENTORY owned by the business.
Enter an X to include ACCOUNTS RECEIVABLE as an asset on the balance sheet.
Enter the total value of ACCOUNTS RECEIVABLE owned by the business.
Enter an X to include OTHER CURRENT ASSETS as an asset on the balance sheet.
Enter the total value of OTHER CURRENT ASSETS owned by the business.
Enter an X to include FURNITURE AND FIXTURES as an asset on the balance sheet.
Enter the total value of FURNITURE AND FIXTURES owned by the business.
Enter an X to include EQUIPMENT AND MACHINERY as an asset on the balance sheet.
Enter the total value of EQUIPMENT AND MACHINERY owned by the business.
Enter an X to include REAL ESTATE as an asset on the balance sheet.
Enter the total value of REAL ESTATE owned by the business.
Enter an X to include ANOTHER ASSET on the balance sheet.
Enter a description of the asset.
Enter the value of the asset.
The program calculates the total assets. You may not overwrite this field.
Enter an X to include ACCOUNTS PAYABLE as a liability on the balance sheet.
Enter the total amount of ACCOUNTS PAYABLE owed by the business.
Enter an X to include PAYROLL TAXES AND ACCRUED EXPENSES as a liability on the balance sheet.
Enter the total amount of PAYROLL TAXES AND ACCRUED EXPENSES owed by the business.
Enter an X to include a LINE OF CREDIT as a liability on the balance sheet.
Enter the total amount of the LINE OF CREDIT owed by the business.
Enter an X to include MORTGAGES as a liability on the balance sheet.
Enter the total amount of the MORTGAGES owed by the business.
Enter an X to include OTHER LOANS as a liability on the balance sheet.
Enter the total amount of OTHER LOANS owed by the business.
Enter an X to include ANOTHER LIABILITY.
Enter a description of the liability.
Enter the total amount of the liability.
The program calculates the total liabilities. You may not overwrite this field.
The program calculates the net worth (or net equity) of the business by deducting the total liabilities from the total assets. You may not overwrite this field.
! Optional Management of the Business Section (4 of 7)
The following persons are (or will be) responsible for managing and operating the business.
Name: !
Title: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
! Country: !
! Work Phone: ! Extension: !
! Home Phone: ! Extension: !
Responsibilities:
Enter an X to include a management section which lists the names, titles, addresses, and duties of the persons responsible for the overall management and operation of the business. Press [Ctrl+F1] for more information.
Enter the manager's or officer's name or use the P.I. Manager to select and paste a record.
Enter the manager's or officer's title or edit the information as desired.
Enter the manager's or officer's street address or edit the information as desired.
Enter the manager's or officer's extended street address or edit the information as desired.
Enter the manager's or officer's city or edit the information as desired.
Enter the manager's or officer's state/province or edit the information as desired.
Enter the manager's or officer's zip/postal code or edit the information as desired.
Enter an X to include the manager's or officer's country, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to include a phone number where the manager or officer can be reached during business hours.
Enter a phone number where the manager or officer can be reached during business hours.
Enter a telephone extension, if any.
Enter an X to include a phone number where the manager or officer can be reached during non-business hours.
Enter a phone number where the manager or officer can be reached during non-business hours.
Enter a description of the manager's or officer's responsibilities.
Enter an X to include the name of another person who will be responsible for managing and operating the business.
! Optional Non-Management Employees Section (5 of 7)
The following persons are key employees who will provide important skills and services, but will not be part of the top level of management.
Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
! Name: !
Title: !
Address: !
!, !
Responsibilities:
Enter an X to include a section which lists the names, titles, addresses and responsibilities of other key business employees. Press [Ctrl+F1] for more information.
Enter the employee's name or use the P.I. Manager to select and paste a record.
Enter the employee's title or edit the information as desired.
Enter the employee's street address or edit the information as desired.
Enter the employee's extended street address or edit the information as desired.
Enter the employee's city or edit the information as desired.
Enter the employee's state/province or edit the information as desired.
Enter the employee's zip/postal code or edit the information as desired.
Enter a description of the employee's responsibilities.
Enter an X to include the name of another person who will be a key non-management employee in the business.
! Optional Financial/Professional Services Section (6 of 7)
The following financial and professional advisors are (or will be) providing services to the business.
! Accountant: !
Firm: !
!, !
! Country: !
! Phone: ! Extension: !
! Phone: ! Extension: !
Other Information:
! Attorney: !
Firm: !
!, !
! Country: !
! Phone: ! Extension: !
! Phone: ! Extension: !
Other Information:
! Insurance
Agent: !
Agency: !
!, !
! Country: !
! Phone: ! Extension: !
! Phone: ! Extension: !
Other Information:
! Banker: !
Bank: !
!, !
! Country: !
! Phone: ! Extension: !
! Phone: ! Extension: !
Other Information:
! Banker: !
Bank: !
!, !
! Country: !
! Phone: ! Extension: !
! Phone: ! Extension: !
Other Information:
Enter an X to include an optional section that requests information regarding the business' financial and professional advisors. Press [Ctrl+F1] for more information.
Enter an X to include the name of the business' accountant. The accountant may be able to provide important tax and accounting information.
Enter the accountant's name or use the P.I. Manager to select and paste a record.
Enter the name of the accountant's firm or edit the information as desired. For example, Keller, Fipps & Co.
Enter the accountant's street address or edit the information as desired.
Enter the accountant's extended street address or edit the information as desired.
Enter the accountant's city or edit the information as desired.
Enter the accountant's state/province or edit the information as desired.
Enter the accountant's zip/postal code or edit the information as desired.
Enter an X to include the accountant's country, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to include the accountant's phone number.
Enter the accountant's phone number or edit the information as desired.
Enter a telephone extension, if any or edit the information as desired.
Enter an X to include an alternate telephone number.
Enter the alternate phone number.
Enter an X to include other information regarding the accountant.
Enter the additional information.
Enter an X to include the name of the business' attorney. The attorney may be able to provide important legal information.
Enter the attorney's name or use the P.I. Manager to select and paste a record.
Enter the name of the attorney's firm or edit the information as desired. For example, Worton, Alsinger & Widmer.
Enter the attorney's street address or edit the information as desired.
Enter the attorney's extended street address or edit the information as desired.
Enter the attorney's city or edit the information as desired.
Enter the attorney's state/province or edit the information as desired.
Enter the attorney's zip/postal code or edit the information as desired.
Enter an X to include the attorney's country, if outside the United States.
Enter an X to include the attorney's phone number.
Enter the attorney's phone number or edit the information as desired.
Enter an X to include other information regarding the attorney.
Enter an X to include the name of the business' insurance agent. The insurance agent may be able to provide important insurance information.
Enter the insurance agent's name or use the P.I. Manager to select and paste a record.
Enter the name of the insurance agency. For example, Harvey Snow Insurance Agency.
Enter the insurance agent's street address or edit the information as desired.
Enter the insurance agent's extended street address or edit the information as desired.
Enter the insurance agent's city or edit the information as desired.
Enter the insurance agent's state/province or edit the information as desired.
Enter the insurance agent's zip/postal code or edit the information as desired.
Enter an X to include the insurance agent's country, if outside the United States.
Enter an X to include the insurance agent's phone number.
Enter the insurance agent's phone number or edit the information as desired.
Enter an X to include other information regarding the insurance agent.
Enter an X to include the name of the business' banker. The banker may be able to provide important financial and banking information.
Enter the banker's name or use the P.I. Manager to select and paste a record.
Enter the name of the bank. For example, Rockerham National Bank.
Enter the bank's street address or edit the information as desired.
Enter the bank's extended street address or edit the information as desired.
Enter the bank's city or edit the information as desired.
Enter the bank's state/province or edit the information as desired.
Enter the bank's zip/postal code or edit the information as desired.
Enter an X to include the country in which the bank is located, if outside the United States.
Enter an X to include the banker's phone number.
Enter the banker's phone number or edit the information as desired.
Enter an X to include other information regarding the banker or the bank.
Enter an X to include the name of a second banker. A second banker may also be able to provide important financial and banking information.
! Optional Owner Preferences Section (7 of 7)
The following factors are important to the owner(s) of the business:
! TAXATION OF THE BUSINESS' INCOME: The income of the business is expected to be
! less than $75,000, and therefore, it is preferable to tax the income of the business at lower corporate tax rates.
! more than $75,000, and therefore, it is preferable to tax the income of the business at the lower individual tax rates of the owner(s).
! DISTRIBUTIONS OF THE BUSINESS' INCOME: The owners expect to
! distribute most of the income of the business to the owners, while retaining only limited amounts of the income to finance expansion of the business.
! retain most of the income of the business within the business to help finance future growth.
! LIABILITY PROTECTION FOR OWNERS: The owners
! are only willing to be personally liable for the amount of capital that they contribute to the business.
! are willing to be personally liable for all of the debts and expenses of the business.
! are willing to give up management rights in order to limit their personal risk to the amount of capital that they contribute to the business.
! NUMBER OF OWNERS: It is the preference of the owner(s) to have
! only one owner.
! at least two owners, but not more than 35.
! at least two owners with no limitation on additional owners.
! FRINGE BENEFITS: With respect to fringe benefits (e.g., health care plans and pension plans),
! it is important to the owners to obtain as much deduction as possible for the costs of such plans.
! it is important to the owners to obtain as much deduction as possible for the costs of such plans; however, it is acceptable if the costs of such benefits to the owners are not deductible.
! the deductibility of the costs of such plans is not particularly important.
! OTHER FACTORS: The following additional factors are important:
! Perpetual Existence - continuation of the business after the death of an owner.
! Fiscal Year - the flexibility to choose a tax year that ends other than on December 31 of each year.
! Free Transfer of Ownership Interest - the freedom of each owner to transfer his or her interest in the business without restrictions.
The following chart provides a score for each type of entity, based on the preferences listed above. This summary may provide some guidance in the selection of a business entity form. However, it is inappropriate to select a business entity by simply selecting the entity form with the highest number of responses. Each form of entity has advantages and disadvantages that may be important or less important, depending on the preferences of the owners and the circumstances that apply to a specific situation.
Number of
responses
Sole Proprietorship !
Partnership:
- General Partnership !
- Limited Partnership !
Corporation:
- "C" Corporation !
- "S" Corporation !
Limited Liability Company !
Enter an X to include an optional section that identifies the preferences of the owners regarding important factors that determine the appropriate form of business entity. Press [Ctrl+F1] for more information.
Enter an X to include a statement of the owner(s)' expectation regarding the business' expected level of income. Press [Ctrl+F1] for an explanation of how this expectation affects the choice of business entity.
Enter an X if the annual income of the business is expected to be less than $75,000.
Enter an X if the annual income of the business is expected to be more than $75,000.
Enter an X to include a statement by the owner(s) regarding distributions from the business to the owner(s). Press [Ctrl+F1] for an explanation of how this factor affects the choice of business entity.
Enter an X if most of the income of the business will be distributed to the owners.
Enter an X if most of the income of the business will be retained by the business.
Enter an X to include a statement regarding the importance of liability protection for the owner(s). Press [Ctrl+F1] for an explanation of how this preference affects the choice of business entity.
Enter an X if the owners are only willing to be personally liable for the amount of capital that they contribute to the business.
Enter an X if the owners are willing to be personally liable for all of the debts and expenses of the business, thus being dependent only on the level of protection available through insurance.
Enter an X if the owners are willing to give up management rights in order to limit their personal risk to the amount of capital that they contribute to the business.
Enter an X to include a statement regarding the number of owner(s). Press [Ctrl+F1] for an explanation of how this number affects the choice of business entity.
Enter an X if it is expected that there will be only one owner.
Enter an X if it is expected that there will be at least two owners, but not more than 35.
Enter an X if it is expected that there will be at least two owners, with no limitation on additional owners.
Enter an X to state the intentions of the owner(s) regarding fringe benefits. Press [Ctrl+F1] for an explanation of how these intentions affect the choice of business entity.
Enter an X if it is important to the owners to obtain as much deduction as possible for the costs of such plans.
Enter an X if it is important to the owners to obtain as much deduction as possible for the costs of such plans, but it is acceptable if the costs of such benefits to the owners are not deductible.
Enter an X if the deductibility of the costs of such plans is not particularly important.
Enter an X to state the importance of other factors to the owner(s). Press [Ctrl+F1] for an explanation of how these factors affect the choice of business entity.
Enter an X if it is important that the form of business survive the death(s) of the owner(s).
Enter an X if the flexibility to choose a fiscal tax year is important.
Enter an X if it is important to the owners to be able to freely transfer their respective interests in the business to other parties without restrictions. Press [Ctrl+F1] for more information.
The program calculates the number of responses that are favorable to the establishment of a SOLE PROPRIETORSHIP.
The program calculates the number of responses that are favorable to the establishment of a GENERAL PARTNERSHIP.
The program calculates the number of responses that are favorable to the establishment of a LIMITED PARTNERSHIP.
The program calculates the number of responses that are favorable to the establishment of a "C" CORPORATION.
The program calculates the number of responses that are favorable to the establishment of an "S" CORPORATION.
The program calculates the number of responses that are favorable to the establishment of a LIMITED LIABILITY COMPANY.
(.txt)