Read more about choosing a business structure or use our Help me decide tool to help you work out the business structure that best suits your needs. All you need to do is answer a.

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For a complete guide to your available business structure options and how to set them up refer to SBA’s Choosing a Business Structure guide. If you think incorporation might be right for your small business, check out this recent blog: top 10 Questions about Small Business Incorporation Answered.

Business Structures. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A Limited liability company (llc) is a business structure allowed by state statute. Legal and tax considerations enter into selecting a business structure.

Finding the Right Business Structure How to Choose the Best Legal Structure for Your Business – Limited liability company (LLC) A limited liability company is a hybrid structure that allows owners, partners or shareholders to limit their personal liabilities while enjoying the tax and flexibility benefits of a partnership. Under an LLC, members are protected.

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Safety in structure. Many family businesses have learned that a little structure can be extremely helpful when it comes time to discuss sensitive issues-such as ownership shares, rights and responsibilities, the competence of family-member managers, and agreeing on a strategy that is best for both the business and the family.

There are many different ways to structure an LLC that allow for it to best fit your operation’s needs. While an LLC may seem like a win-win business structure, it’s important to discuss all the options with a lawyer.

Choosing a business structure is an important step in starting a business because it determines how your business will operate as well as how it will be taxed. Whether you choose a limited liability company (LLC), corporation, sole proprietorship, or partnership LegalZoom can help you get started.

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Choosing your business structure One of the key decisions you’ll make when starting a business is its structure. Your choice of structure will depend on the size and type of business, your personal circumstances and how much you plan to grow the business.