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 are the simplest business structure. Find out why you should (or shouldn't) structure your business as a sole proprietorship.
Learn about the advantages and disadvantages of partnerships, limited partnerships, and limited liability partnerships.
Corporations have rights and responsibilities similar to individuals. Find out how a corporate business structure will affect you, and why you should (or shouldn't) incorporate your business.