Choosing a Legal Structure for Your Business
Most business owners have more on their minds than legal structures. They focus on locations, supplies, target audiences, and more. Although not as exciting, the legal structure is a critical factor that requires thoughtful consideration. There is no one-size-fits-all structure, however. The structure that best suits one business’s needs can be the wrong fit for another business.
For this Discussion, you will weigh the pros and cons of each type of business structure and identify which structure you would choose if you were to start a business, if you have not done so already. Keep in mind that you do not have to have plans to become an entrepreneur in order to participate in this Discussion. The purpose is to place yourself in the position of someone who needs to make this decision.