Choosing the right business structure is crucial for the long-term success of your company. Understanding the advantages, disadvantages, and potential pitfalls associated with each option is essential.
Doing Business As (DBA): Register your business name and operate under a trade name.
Individual | Sole Proprietor | Entrepreneur: Establish a business as a single owner with full control.
C-Corporation Filings: Set up a corporation with a standard structure for larger enterprises.
S-Corporation Filings: Form a corporation that passes income directly to shareholders to avoid double taxation.
Limited Liability Company (LLC): Choose between single or multiple entities for liability protection and flexible management.
General Partnership (GPL): Form a partnership with shared responsibilities and profits.
Limited Partnership: Structure a partnership with both general and limited partners.
Limited Liability Partnership (LLP): Enjoy liability protection for all partners in a business.