top of page
Search

Choosing Your Business Structure Matters

When you are starting a new business, you are wise to make sure you are starting off on the right foot. That means choosing the right kind of structure for your business. The type of business structure you choose for your company will have important ramifications on multiple levels: exposure to personal liability; exposure to company and personal taxes, structure requirements and paperwork.


Businesses are formed as four basic types:


sole proprietorship

partnership

limited liability

corporation


These four types of business structures each have their own requirements and costs that can be tweaked for the best tax exposure or business liability. That said, it is important to have a grasp of how each type of businessis different from the next and which is the best choice for you.

5 views0 comments

Recent Posts

See All

If you are a business owner, making sure your contracts are properly prepared is the first step toward ensuring your company is protected and that you are not personally exposing yourself to problems

As a business owner, you are exposed to numerous challenges, often that have nothing to do with the day-to-day operations for basic sales and services. What do you do when a former employee threatens

bottom of page