Business Structure

Starting a business entails the selection of the legal format of your business. You can set up your business as a sole proprietorship, partnership, corporation, S corporation or limited liability company, all of which has its own advantages and disadvantages.

The business structure you choose will determine how much paper work you will have to do, how much personal liability you will incur, how much you will be able to raise money, and how your business will be taxed.

Get the right information to help you decide on the best business or legal structure for your small and home-based business.