Choosing a Business Structure for your Small Business
Are you confused about which legal structure to choose for your business? Choosing the correct type of business provides personal protection from bad business debt or judgments. Explore business entity types at least a couple of months prior to forming a business. You’ll need to check with your state and locality to find out about licensing and permit requirements, as well as taxes. Some businesses are required to pay federal, state and local taxes. Listen to lawyer and business expert Theresa Goody, CEO of The Goody Group, discuss considerations for choosing a legal business entity and where to find the information to make an informed decision.