Develop a Business Structure
When beginning your business, you must decide what type of business you should establish. Common forms are sole proprietorship, partnership, corporation, LLC, and S corporations. Not only will this decision have an impact on how much you pay in taxes, but it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money.
- Small Business Administration- Whether you're sitting down to write your business plan, wondering about your legal obligations, or researching your financing options, you’ll find the information you need right here.
- IRS Fact Sheet - This fact sheet provides a quick look at the differences between the most common forms of business entities.
- Entrepreneur.com - Start up basics, business ideas, financing, and much more.
- Federal Trade Commission - Guidance and documents for Franchise and Business Opportunities.
- AllBusiness.com - Your small business advantage.