Choose a Structure

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Choose A Structure

Many factors must be considered when choosing the best form of business ownership or structure. The choice you make can have an impact on multiple aspects of your business, including taxes, liability, ownership succession, and others.

* Forms Of Ownership

The pros and cons of different types of ownership, including sole proprietorship, partnering, corporations, and limited liability companies.

* Basic Structures

Brief descriptions of common business ownership structures.

* Special Structures

Some structures are only available in some states.

* Business Structures

If one of your employees causes an accident, can an injured person sue you and take your house, car, or savings account? Are you paying more taxes than you should on your business income? These are important questions that many small business owners ignore, yet the answers depend on the business' legal structure.

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About the Author: Start Your Business

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Starting a business requires you to complete a number of steps and make some key decisions. Though part of your overall plan, you’ll need to select a location, decide on a business structure, and obtain the necessary licenses and permits. In addition, determining which financing options will meet your short-term needs and long-term goals is crucial. Within this section, we’ll provide information on these topics along with guidance on buying an existing business, copyright and trademark issues, and getting support from an outside expert.
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