Choosing a Business Structure Infographic

As discussed in detail in the post Which Business Structure is Right For Me?, making the initial
decision to start a business is a quick and “easy” one – what comes next is the hard part, as
you will face an overwhelming number of choices and decisions as you progress through creating, establishing, and maintaining your business. Perhaps the most important decision, though, is the type of legal structure that your business will take on. Ultimately, the business structure that you chose will impact the paperwork and fees that your business must complete and submit, the tax implications of your business, how your business can raise funds, and what, if any, personal liability you may face for the actions of your business.

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