How to Structure Your Business
Sole proprietorship? Partnership? Corporation? Here's how to choose the structure that's best for you.
By Amy Rauch Neilson •
Opinions expressed by Entrepreneur contributors are their own.
So you're getting ready to start a business. There's animportant question you need to answer before you put up the"grand opening" sign--are you the owner, or will you havepartners?
The owner of a business is responsible for taxes, debts,management decisions and contracts, so legal ownership isimportant. Since you usually have to be at least 18 to signcontracts, a lot of 'treps find they need an older person as abusiness partner or shareholder.
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