One of the most important decisions made by a person beginning a business is choosing a FORM OF BUSINESS. This decision is important because the business owner’s liability and control of the business vary greatly among the many forms of business. In addition, some business forms offer significant tax advantages to their owners.
Although other forms of business exist, usually a person starting a business will wish to organize the business as a: (Jane P. Mallor dkk, ~Business Law and the Regulatory Environtment, Introduction to Froms of Business and Formation of Partnership, page 744 – 750 )
- Sole Proprietorship;
- General Partnership;
- Limited Partnership;
- Limited Liability Partnership;
- Corporation;
- Limited Liability Company.
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