Tuesday, August 31, 2010

Choosing a Small Business Structure

Many small business entrepreneurs are faced with the difficult decision of which business structure/entity to house the operations of their small business. The Internal Revenue Service provides a concise break down of different U.S. business structures available to American small business. Whether your small business will elect to be a sole proprietorship, partnership, corporation, S corporation, or a limited liability company impacts the governance and taxation of the company. The site features links to short explanatory sections as well as links to tax information and forms.