Business Structure & Entity Consulting
- Business Structure Selection
- Foreign Company Setup Support
One of the first things you need to do when you start your business is to choose a legal entity.
When deciding the appropriate form of business structure for an organization, several different factors must be considered. The most important are:
- The number of participants and their scope of participation
- Each participant’s adversity to risk
- The tax consequences to the members and entity.
|Sole Proprietorship||Limited Liability Company||Cooperative|
|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.||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.||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|
|A corporation is more complex and generally suggested for larger, established companies with multiple employees. Learn more about how Corporations are structured||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||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.|