Business entities - Law Office of Giselle Ayala Mateus

One of the first decisions a business owner faces is choosing the best business entity for their organization. This is a crucial decision because it has far-reaching legal and tax consequences. At the starting point, you may be wondering, how do I choose between an LLC and a Corporation? What about a sole-proprietorship? Do I need to incorporate a business for a one-time project?

To choose the right entity, there are at least eight considerations you should make regarding business entities selection.

1.Cost

2. Liability risk

3. Taxes

4. Possibility of getting income

5. Control

6. Getting funding

7. Ease of maintenance

8. The State of incorporation.

In the following video, we will discuss each of the topics just referenced.

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