Which entity is right for you?
There are different forms of entities, which one is right for you?
When choosing the correct type of business for yourself it is important to consider not only liability and tax perspectives, but it is also important to consider the way in which the company will be managed.
One can choose between
- a Corporation (“S Corporation” or a “C Corporation”)
- a Partnership
- a Limited Liability Company, or
- a Sole Proprietorship.
Furthermore, it is important to consider work contracts, bonuses and benefits, such as health insurance, etc. prior to the establishment of a company. This will help to secure your ability to succeed as a company. By making the correct choice, the employer can actually save money…