Tuesday, March 4, 2025

Starting a Small Business - Part 3 - Entity Selection

 Proprietorship, Partnership, Limited Liability Company, C  Corporation

What to do?

The answer is "It Depends."

Depends on the:

type of business

size of business you imagine

number of owners and capital structure

location of business

risk factors (liability protection)

tax consequences

middle and long-range plan

...and more


You should consult your 1) accountant and then 2) your lawyer before diving headfirst into a business entity.




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