Want to Learn about the Various Types of Entities?

When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are as follows (Note: remember there are legal and tax considerations enter into selecting a business structure):

• Sole Proprietorships
• Partnerships
• Corporations
• S Corporations
• Limited Liability Company (LLC)