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Choosing Your Form of Business Entity

Choosing what kind of business you have is very important. It effects everything from the way you are taxed to the amount of liability you have. There are a handful of different entities. Have a look at them all and decide which is best for you.

Don't forget, you aren't forever locked into that structure. As your business evolves, so can its entity.

Choices of Entities

  • Corporations
  • Sole proprietorships
  • General Partnerships
  • Limited Partnerships
  • Limited Liability Companies

Comparison Chart of the Different Forms of Business Entities

 

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