Deciding on a Business Structure

The type of legal structure you choose for your business is important. This decision affects how much you will pay in taxes, the amount of personal liability you may face and your ability to get financing. There are six typical structures for small businesses. To find out what they are and which is right for your business, check out these web sites.

• Choose a Structure from the Small Business Administration
• Business Structure Basics from Entrepreneur.com
• SCORE, Counselors to America's Small Business, offers two guides.
  • The Importance of Business Structure: How to Select the Business Structure that is Right for You
  • Understanding Business Structures