Choose a Business Structure

This guide will walk you through and compare some common business structures, so you can decide which is the best for your business!

This SBA resource provides a detailed breakdown of the most common U.S. business structures and how each impacts taxes, liability, funding, and legal obligations. From sole proprietorships and LLCs to S corps and nonprofits, the guide walks entrepreneurs through the advantages and risks of each type of structure. It also includes special designations like benefit corporations and cooperatives, and explains how combining tax statuses with business entities may work. Entrepreneurs are encouraged to use this guide in tandem with legal or tax counsel before registering their business with the state.

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