Choose Your Own Adventure: Which Business Entity is Right for You?
Is your business a corporation? And if so, is it a C Corp or an S Corp? Or is your business an LLC? And what taxes should you be paying, corporate or personal?
Don't worry if you're not sure which business structure your company fits into. It's confusing and telling the difference between, for example, a proprietorship and a partnership and limited partnership is not always easy.
That's why we've broken it all down for you in this Choose Your Own Adventure infographic. We'll help you not only differentiate between the various business entities, but give you the information that can help you decide which one is right for you (sole proprietor, partnership, corporation or LLC).
We'll also fill you in on things like tax management, liabilities and licenses.
So take a look and start eliminating the confusion.