There are several forms of business structures that can be used when starting a new company. The main forms include sole proprietorships, partnerships, corporations, S-corporations, non-profits and limited liability companies (LLCs). Each structure has different tax implications, ownership rules, liability issues and filing requirements that entrepreneurs should understand before deciding which one makes the most sense for their individual business needs and goals.
There are several forms of business structures that can be used when starting a new company. The main forms include sole proprietorships, partnerships, corporations, S-corporations, non-profits and limited liability companies (LLCs). Each structure has different tax implications, ownership rules, liability issues and filing requirements that entrepreneurs should understand before deciding which one makes the most sense for their individual business needs and goals.
There are several forms of business structures that can be used when starting a new company. The main forms include sole proprietorships, partnerships, corporations, S-corporations, non-profits and limited liability companies (LLCs). Each structure has different tax implications, ownership rules, liability issues and filing requirements that entrepreneurs should understand before deciding which one makes the most sense for their individual business needs and goals.