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How to Select a Business Entity

Considerations When Selecting a Business Entity

Written by Jason Gordon

Updated at April 14th, 2022

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Table of Contents

How Do I Select a Business Entity? 

How Do I Select a Business Entity? 

You should choose a business entity that accommodates your intended business operations and growth at the appropriate stage of your business life cycle. 

In selecting a business entity, one must understand the attributes of each business entity type in making a choice. The attributes that the entrepreneur must evaluate are as follows:

  • Creation Process
  • Ownership Structure
  • Operational Control and Decision Making
  • Personal Contract and Tort Liability
  • Compensation & Tax liability of the business and owners
  • Tax Consequences
  • Governance and Entity Maintenance Requirement
  • Continuity of the Business Entity


Back to: Entrepreneurship

Related Topics

  • What are Business Entities?
  • Holistic (Detailed) Overview of Setting Up a Business Entity
  • What is a Closely-held vs Publicly-held Business?
  • What are the main types of business entity?
  • What is Sales & Use tax?
  • What are payroll and self-employment taxes?https://thebusinessprofessor.com/business-governance/maintenance-requirements-for-a-business-entity

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