Business Types

Determining the type of legal structure for a new business can be daunting for entrepreneurs and small business owners. Corporations and limited liability companies ("LLC s") are preferred business structures because, unlike sole proprietorships and partnerships, both offer liability protection. This means that the owner of a company cannot be held personally responsible for the company?s debts. The personal assets of an owner are shielded from company liabilities.

Please click on the types below for more information.

• Corporation
• Limited Liability Corporation/Partnership (LLC/LLP)
• Partnerships
• S Corporations
• Sole Proprietorships

 For more Tax Information For Businesses please click here for the IRS official site.