What are the legal structures from which I can choose for my business?
Choosing whether to operate as sole proprietorship, partnership, corporation or limited liability company is a technically complex decision involving many tax and legal factors which can be different for each type of entity. Not all will be appropriate for the facts and circumstances in the case of a particular business owner. Some technicalities will not be beneficial. Some will require more demanding bookkeeping practices.

Important: To make the most beneficial and informed decision, a tax professional and an attorney should be consulted before making an entity choice.