Starting a Business

I don't know whether to form an S Corporation or a limited liability corporation.

I'm starting a landscape maintenance business as a sole proprietor. I want to incorporate and to keep my business in the family. Would it be better for me to form an S Corporation or a limited liability corporation? I want my family to be shareholders, but I don't want to affect their taxes.
min read
Opinions expressed by Entrepreneur contributors are their own.
It's entirely possible that once your family has an ownership interest in your business--regardless of the form--there will be an impact on their taxes.

Speak to a business accountant who understands these areas to determine the extent of the impact, if any, and which form will minimize the negative and "accentuate the positive."

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