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The business structure you choose influences everything from day-to-day operations, to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.

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• Review common business structures
• Combine different business structures
• Compare business structures

Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability. 

You'll need to choose a business structure before you register your business with the state. Most businesses will also need to get a tax ID number and file for the appropriate licenses and permits.

Choose carefully. While you may convert to a different business structure in the future, there may be restrictions based on your location. This could also result in tax consequences and unintended dissolution, among other complications. 

Consulting with business counselors, attorneys, and accountants can prove helpful.

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