BizSugar.com › Startups › Choosing a Business Structure Infographic

Business entities are distinguished by five factors: Personal Liability, Taxation, Ownership (number and type of owners), Formation Requirements, and Formalities (record keeping.

There are many business structures you could potentially choose: S corporations, C corporations, professional corporation, nonprofit corporation, LLC, sole proprietorship, general partnership, and limited partnership. Write all of these down on a piece of paper and add a mark next each structure that fits your needs as you work down the infographic. Once finished, the structure that has the most points is most likely the best fit for you and you can start to look into business incorporation services.