Usually our advice is act now, analyze later--but not when it comes to formalizing your business's organization. Read, study and think some more before signing on any dotted lines. Where to begin?
Selecting the Legal Structure for Your Business: Excerpted from SBA documents, this must-read provides a thorough walk-through of the comparative advantages of sole proprietorships, partnerships and corporations.
Incorporating: Good stuff--pithy, well-written--drawn from Court TV materials. This is the place to get the answers to basic questions.
Limited Liability Companies: How They Work: LLCs, which deliver many of the tax advantages of partnerships plus some of the legal advantages of corporations, have been exploding in popularity in recent years--and this discussion, from legal publisher Nolo Press, tells why. (For more on LLCs, see "Money")
Pros & Cons of C-Corporations, S-Corps, Ltd. Liability Companies, Etc: As a compilation of posts to Internet newsgroup misc.business.consulting, this document gives a fast overview of the options available to you.