Should I be a sole proprietor, a partnership, a Corporation?
How do you decide? Going into business is hard enough but none of us have a legal degree. We seek help from the experts on many things. However, if you are like me you want to at least have a basic understanding of what they are talking about so you can discuss intelligently.
"The three most commonly used business forms are the sole proprietorship, the general partnership and the corporation. We will discuss some of the pros and cons of each below. "
I want you to understand why you might choose each type of entity and for what reasons it might be advantageous. Don't just take someone else's word for it.
"Each of the above described legal business vehicles have advantages and disadvantages which need to be taken into consideration before choosing the appropriate vehicle for your business."
To find out the best legal entity for your business check out the full article here.