Choosing a Business Entity – Some Questions to Consider
Every business owner chooses the business entity they operate under.
Most small businesses just start out, making sales, profits and etc. as a proprietorship. However, they can be held personally liable in these situations so simply selecting your business entity this way is unwise.
So which is best? A Limited Liability Company (LLC), C corporation, S corporation or partnership? We can’t answer that here, but you can find questions you should consider when evaluating your options in “Choosing a Business Entity – Some Questions to Consider” in the online incorporation Knowledge Center.
You will address questions about yourself, your business, the cost of starting the business and where you are seeking funding. For instance, if you will have outside investors, a corporation may be the way to go.
Of course, when you are ready to incorporate your business online, MaxFilings is here to help you navigate the legal requirements in all 50 states.