Setting up a new company involves a lot of rules and red tape to stay above board - just having the proper business forms goes a long way here. In this post, we’ll share documents, laws, and tips that any new enterprise should know.
Defining Your Business Structure
Even how you define your business in the eyes of the law could have serious implications. If you decide on an LLC, you won’t have to worry about business debts taking your personal assets. The major choices here include:
Sole proprietorships , where you’re liable but have complete control
Limited partnerships, where only one partner has liability
Limited liability partnerships, where partners aren’t liable for each other
Corporations, which are distinct legal entities with shareholders
Limited liability company, where