Choosing a Business Structure

Full Video Transcript

There is a variety of business structures you may choose from in forming your business. These include sole proprietorship, partnership, corporation, limited liability company or LLC, and limited liability partnership or LLP. Before choosing the type of business entity you wish to form, you should consider a number of critical factors. These factors include your preferred exposure to liability, tax treatment and size of the business you wish to form. If you’re not well versed in the area of business law and business formation, a business law attorney may assist you. A qualified Lead Counsel business law attorney can explain which business structure is better suited for you based on your needs.