What type of company should I form?

Posted by Data Babble | 9:25 PM | | 0 comments »

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.

For mor information, visit: http://www.sba.gov/smallbusinessplanner/start/chooseastructure/index.html

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