The decision of how your business will be structured is a very important one, with long-term implications.  There are several things that you should take into account, and discuss with your attorney and accountant before making a final decision.  These include how large and complex you envision your business becoming; how much control you want to have and how simple or complicated your business structure will be; what your likely exposure to lawsuits may be; and the tax implications of each type of business structure.
 
Sole Proprietorship
 
 
Partnership
 
 
Limited Liability Company (LLC)
 
 
Corporation
 
 
Subchapter S Corporation
 
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