By Brian Ravencraft
When it comes to what business structure is right for your new or next business venture, you have several options to choose from. Making the right decision can help you with everything from being profitable and poised for growth to staying tax compliant. This month, I will break down some of the most popular business structures for you. These aren’t the end all be all when it comes to paths you can take, but these ones tend to lead the pack.
This is the option you will see many single workers select. Think of freelancers or those who consult with many different entities. It takes little set up effort to become a sole proprietor, but this is truly a one-man-band type of situation. Whatever the business owes, falls solely to you.
Limited liability company
Also known as an LLC, this structure option has really been having its day in the sun in recent years.… Continue readingRead More »