Forms of Business Ownership

Corporations (3) Partnerships (2) Limited Liability Company (1) Sole Proprietorships (4) Nonprofit Organizations (4)

Types of Small Business Structures

Making the right decision about the legal and corporate structure of your business is critical to your long-term success. How you establish your business will affect ownership rights, your personal liability risks, and how you can operate the business. Some states do not recognize limited liability partnerships, so it is important that you check with a legal professional before establishing you…