📺 Stream EntrepreneurTV for Free 📺

How to Choose the Best Legal Structure for Your Startup A look at the pros and cons you should consider before deciding on a business structure.

By Kara Ohngren Prior

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

When starting a business, your decision on how to structure it is an important one. We examined the pros and cons, and what they mean for various types of startups. Here's what you can expect from the four most-popular business structures.

What's the Best Legal Structure for Your Business

Kara Ohngren is a freelance writer and part-time editor at YoungEntrepreneur. Her work has appeared in publications including Entrepreneur Magazine, The New York Times, MSNBC, The Huffington Post and Business Insider.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Career

This 'Cutting-Edge' Strategy Used By Meta and Google Is Helping Leaders Keep Young Employees Motivated

Archer Chiang, founder and CEO of Giftpack, breaks down the method that can improve results and retention.

Growing a Business

AI Marketing Is Flooding Social Media. Here's How to Make Sure You Don't Get Lost in the Robotic Noise.

Content overload from AI is the new normal. Marketing guru Mari Smithen shares strategies for navigating the AI revolution and getting your messaging across.

Franchise

After Decades of Hard Work, This Couple Is Living the Entrepreneurial Dream. Here's How They Achieved Generational Wealth.

Nadine and James Middleton's journey shows what can happen when hard-working people are matched with the right franchise.

Business Ideas

How This One Customer Service Hack Can Transform Your Business

Instead of examining all the options and offerings to add, consider what you should remove, redesign, and eliminate.