Choosing a business structure

Choosing a business structure is one of the first and most important decisions you will make as a business owner. Your business structure can have a big impact on your success: it will affect your taxation and legal liability, as well as succession planning when it comes time to close or sell your business.

Sole proprietorships, partnerships, and corporations are the most common types of business structures. You can also choose to structure your business as a co-operative or non-profit.