What Legal Structure Should I Choose for My Business?

Description

Choosing the right business structure can have a lasting impact on how you operate, pay taxes, manage risk, and grow your business.

In this educational webinar, SCORE Certified Mentor Walter A. Lassiter will introduce the most common organizational structures used by small businesses and discuss the general characteristics, advantages, and disadvantages of each.

What You'll Learn

Sole Proprietorships — simplicity, ownership, taxation, and personal liability

Partnerships — shared ownership, responsibilities, and partnership considerations

Limited Liability Companies (LLCs) — flexibility and liability considerations

C Corporations and S Corporations — ownership, taxation, capital, and organizational complexity

Nonprofits — how they differ from traditional for-profit businesses

The importance of considering taxation, liability and risk, management, continuity, transferability, cost, and formality when evaluating a business structure

Why your business plan and long-term goals should help guide your decision

Why Attend?

Your business structure affects much more than the paperwork required to start your company. It can influence your personal liability, taxes, management responsibilities, ability to raise capital, and future growth.

This workshop will give you a practical overview of the available options so you can better understand the questions to ask before establishing your business entity.

Who Should Attend?

Aspiring entrepreneurs, new business owners, and existing small business owners who want to better understand the differences among common business structures.

Important Disclaimer

This workshop is for educational purposes only and does not constitute legal or tax advice. Participants should consult a qualified attorney, accountant, or tax professional when determining the appropriate structure for their individual business.