Factors to Consider in Selecting a Business Entity
- Written by Kaitlyn E. Martin
One of the most important and impactful decisions every business owner must make concerns the entity selection for his or her company. There are many different entity types, different entity types, including sole proprietorships, general partnerships, limited liability companies (“LLCs”), and corporations, just to name a few. Each has its own unique risks and rewards, as well as tax, legal, and operational implications, which makes selecting the right entity of significant importance. In selecting the entity that best meets the needs and objectives of your business, consider the following:
