Which Business Structure is Right?
Whether operating for profit or for charitable purposes, businesses of all sizes can benefit from incorporating or forming a Limited Liability Company. Learn more about one of the business structures we can help you form:- Limited Liability Company (LLC)
- C Corporation (General)
- S Corporation
- Professional Corporation or LLC
- Nonprofit Corporation
The right answer to the question, "Should I form a corporation or LLC?" depends on your needs. Check out the comparisons tables we've provided to help you make the right decision for your business.
Sole Proprietorships and Partnerships Lack Protection
Many businesses begin as either a sole proprietorship or general partnership. These business structures can create problems for small business owners for the following reasons:
- You have unlimited personal liability for business debts. Courts and government offices may use your personal assets to satisfy a judgment against the business. This means you could lose your house, your car, and your personal savings.
- The survival of your business depends solely on you. Unlike a sole proprietorship or general partnership, a corporation or LLC continues to exist even if an owner leaves the business.
- Your business lacks the credibility of a corporation or LLC. Many customers prefer to do business with a corporation or LLC, rather than a sole proprietor or general partnership.
Ready to Get Moving?
Incorporate or form an LLC online today, or contact our Incorporation Specialists at 1-800-499-9519 (toll-free) or 1-302-636-5460.