HOW TO CHOOSE YOUR BUSINESS STRUCTURE

Choose Your Business Structure

The business structure you choose will have legal and tax implications. Learn about the different types of business structures and find the one best suited for your business.

  • ARTICLE

    Sole Proprietorship

    A sole proprietorship is the most basic type of business to establish. You alone own the company and are responsible for its assets and liabilities. Learn more about the sole proprietor structure.

  • ARTICLE

    Limited Liability Company

    An LLC is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. Learn more about how LLCs are structured.

  • ARTICLE

    Cooperative

    People form cooperatives to meet a collective need or to provide a service that benefits all member-owners. Learn more about how cooperatives are structured.

  • ARTICLE

    Corporation

    A corporation is more complex and generally suggested for larger, established companies with multiple employees. Learn more about how Corporations are structured.

  • ARTICLE

    Partnership

    There are several different types of partnerships, which depend on the nature of the arrangement and partner responsibility for the business. Learn more about how these are structured.

  • ARTICLE

    S Corporation

    An S corporation is similar to a C corporation but you are taxed only on the personal level. Learn more about how S corporations are structured.

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