Choosing a Business entity? Considering business formation?

CHOOSING A BUSINESS ENTITY What type of entity will your business take? An important, but often misunderstood, decision in the life of a business is the entrepreneur’s or existing business owner’s choice among the different forms of legal entities under which the business can operate. The decision is determinative regarding the tax treatment and legal liability of both the business and its owners. This Legal Update addresses the basic characteristics, advantages, and disadvantages of the various business entity options. The … Continued