The business structure for your company is one of the most important decisions you’ll ever make. However, you can change the structure at any time.
Most owners review liability protections and tax advantages as part of choosing the right business structure.
Common business structures include corporations, partnerships, sole proprietorships, cooperatives and limited liability companies.
Your business structure is the backbone of your company. It dictates your control, liability, and taxes and sets the pace for your entrepreneurial journey. However, the first structure you choose doesn’t have to be permanent.