[Verse 1] When Sarah started her business dream She faced a choice that's not what it seems Sole proprietorship means she's on the line For every debt and every fine Her personal assets at risk each day There's got to be a better way [Chorus] L-L-C protects your personal wealth Corporation stands apart by itself Limited partners, general too Partnership splits the liability through Entity types, authority flows Piercing the veil is what nobody knows Structure smart, protect your heart That's where good business law starts [Verse 2] Limited Liability Company's the shield Personal assets it helps you wield But remember the formalities count Keep records clean or the court will mount A case to pierce right through your guard When corporate veils get hit real hard [Chorus] L-L-C protects your personal wealth Corporation stands apart by itself Limited partners, general too Partnership splits the liability through Entity types, authority flows Piercing the veil is what nobody knows Structure smart, protect your heart That's where good business law starts [Verse 3] Authority matters in every deal Who can sign and make it real Actual authority clearly defined Apparent authority tricks the mind Third parties trust what they can see Ultra vires means no capacity [Bridge] S-Corp passes taxes through C-Corp pays them times two Double taxation's the corporate curse But limited liability's much worse To lose when you don't follow rules Don't be one of those business fools [Chorus] L-L-C protects your personal wealth Corporation stands apart by itself Limited partners, general too Partnership splits the liability through Entity types, authority flows Piercing the veil is what nobody knows Structure smart, protect your heart That's where good business law starts [Outro] Choose your structure, know the game Legal protection's worth the name From sole proprietor to corporate crown Pick the right one, don't fall down
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