How to Choose the Best Legal Entity for Your Business Choosing a legal entity can be complicated, but it can help protect your business's assets. Attorney Mark Kohler explains.

By Mark J. Kohler • Mar 6, 2012

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While determining which legal entity is best for your company can get complicated, it's important to protect your business's assets. Attorney and CPA Mark Kohler recommends thinking of it in two ways: short term -- such as selling a product or service -- and long term -- including buying property and making investments. For short term ventures, Kohler suggests starting with a sole proprietorship. For longer ventures, he says you'd most likely want to go with a limited liability company (LLC).

Mark J. Kohler

Entrepreneur Leadership Network VIP

Author, Attorney and CPA

Mark J. Kohler is a CPA, attorney, co-host of the podcasts Main Street Business and Directed IRA Podcast and a senior partner at both the law firm KKOS Lawyers and the accounting firm K&E CPAs. He is also a co-founder of Directed IRA Trust Company. He is the author of The Tax and Legal Playbook, 2nd Edition and The Business Owner's Guide to Financial Freedom.

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