When starting a business, you need to set up the proper legal structure. Learn about your options and how to choose a structure.
Bahls, Steven CBahls, Jean Easter
Explore the different legal business forms, from sole proprietorships to corporations, and understand how each affects taxation, liability, and operations for your business plan. 7 min read updated on January 21, 2025 Key Takeaways: The selection of a business's legal form, also known as its...
A business structure refers to how a company is organised in regard to itslegal structureand status. There are many different business structures to choose from. When setting up a company, deciding on an appropriate business structure helps your company to be formally acknowledged legally. A clear...
As a small business owner, choosing the right business structure is vital for your business’s growth. Just as there are different types of businesses, there are different types of business structures. To understand what business structure will benefit your new business, you’ll first want to ...
Each offers different advantages and legal implications, from the simplicity of a sole proprietorship to the protective structure of a company. Our guide provides a clear comparison to help you choose the best structure for your business needs and goals. 1. What is a Sole Proprietorship? A sole...
The first step in choosing a business structure is figuring out if you need personal liability protection. Businesses that carry any amount of risk need liability protection. What is personal liability protection?Liability protection can create a legal separation between your personal assets and your ...
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It is important to be clear on which approach you intend to take for your employee ownership. Formal voting control brings with it important legal rights. Most decisions are made on a day-to-day basis, not through formal corporate mechanisms. Experience has shown that employees are conservative...