To Get Started, Select Your Business Entity Type
A Sole Proprietorship is the only kind of business that’s exempt from state filing requirements. Entrepreneurs and independent contractors are the main users of this popular business entity.
The most popular business structure in the U.S. is an LLC, which has tax benefits, flexibility, and limited liability protection.
Charities who want to help the public rather than make money utilize this entity type to devote their earnings to a certain cause or objective. Non-Profits can be exempt from taxation.
An agreement between two or more people to start and run a business is called a Partnership. Partnerships come in a wide range of forms and operate in different ways.
A S-Corporation gets its name from the tax code's Subsection S. In addition to having all the characteristics of a Corporation, it is a pass-through company for taxation purposes.
A Corporation is well-liked because it protects against liability and keeps the business and its owner independent from taxes.