If the business consists of only you, a sole proprietorship might be a good choice. What type of business structure you choose depends on what you want your company to look like. Are there complicated regulations to keep the business active?.Will more equity capital be raised as the company grows?.Are there any possible legal liabilities?.What are the advantages and disadvantages for taxes?.Is it easy to get set up and begin operating?.There are several issues to think about when deciding this, including the following: Deciding Which Type of Business Entity is Right for You We've detailed two of the simplest forms of business entities below. ![]() ![]() Every legal structure has its own advantages and disadvantages, so it's good to eliminate the ones that won't fit with your business to make your choice easier. What kind of business structure you choose depends on what the company's goal is, what the nature of the organization is, and more. You'll need to decide if you want a partnership, sole proprietorship, corporation, limited liability company, or non-profit. The different types of companies and their advantages will need to be researched when starting a business. ![]() Deciding Which Type of Business Entity is Right for You 2.
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