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

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