Form The Right Business Entity. The business structure you choose has significant legal, tax and funding implications as shown in this video. Learn about the different types of business structures. Choose the business entity that best fits for your needs.
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.
A corporation is more complex and suggested for larger companies with multiple employees. C corporations pay corporate taxes, then shareholders pay taxes on liquidity events such as distributions, resulting in double taxation.
