Choose your legal structure

Whether you run a dance studio or sell your art online, you are a business and that means you have to choose a form of business entity. How do you go about picking which one is right for you? Because they have legal and tax implications, you check with a lawyer and an accountant.

The articles below weigh the pros and cons of business entity formations: sole proprietorship, general partnership, joint venture (JV), limited partnership, C corporation, S corporation and a limited liability company (LLC).