Which Type of Business Structure is Right for Your Company?
What's your business?
If you’re interested in becoming a legit business, it’s a good idea to choose your business structure carefully. Changing later can be difficult, so selecting the right business entity from the get-go is your best bet.
“When making your business structure choice, keep in mind the importance of limited liability, which protects you personally from the debts and obligations of the business,” advises Deborah Sweeney, CEO of My Corporation, a company providing business formation assistance. “The right corporate structure may also mean big tax savings.”