Jump to Main Content
USA flagAn Official Website of the United States Government

Incorporating Your Business

<p>
When you&rsquo;re starting a business, one of the first decisions you have to make is the type of business you want to create. A sole proprietorship? A corporation? A limited liability company? This decision is important, because the type of business you create determines the types of applications you&rsquo;ll need to submit. You should also research liability implications for personal investments you make into your business, as well as the taxes you will need to pay. It&rsquo;s important to understand each business type and select the one that is best suited for your situation and objectives. Keep in mind that you may need to contact several federal agencies, as well as your state business entity registration office.</p>
<p>
Here is a list of the most common ways to structure a business.</p>

A limited liability company is a hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.

The "owners" of an LLC are referred to as "members." Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations or other LLCs.

Pages

Subscribe to RSS - Incorporating Your Business