Small Business Reading Room

Wednesday, June 11, 2008

Choosing A Business Structure

Ok, so you already have a business plan, now what?

One of the first things that entrepreneurs and business persons decide is how they will organize their business. Many factors must be considered when choosing the best form of business ownership or structure. The choice that are made can have an impact on multiple aspects of your business, including taxes, liability, ownership succession, and others.

Delaware Intercorp, Inc. can help you with incorporating or organizing your entity, and we can give you information to help you make that decision, but we can't tell you what is right for your specific situation.

So, if you are unsure what entity is right for you, what do you do?

There are many resources out there to help you in this regard. If you feel that you need expert legal or tax advice, attorneys and accountants can be an invaluable part of the decision process. There are also free resources available to the aspiring business owner. For example, the SBA provides a wealth of information online including some of the basic pros and cons of different types of ownership, such as sole proprietorships, partnerships, corporations, and limited liability companies.

Visit the SBA page on Choosing A Business Structure to find more information and let Delaware Intercorp know if you have specific questions about forming your entity in Delaware.

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Small Business Reading Room

Choosing A Business Structure

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