
Business Entity Selection for Small Business Owners
One of the most important decisions that small business owners face is selecting the right type of business entity. There are many options available, such as sole proprietorships, partnerships, limited liability companies (LLC), and corporations. The type of entity you select will affect everything from your day-to-day operations to the amount of liability you are exposing yourself to. This article will evaluate the pros and cons of each option in order to help you determine which structure would suit you and your business the best.