30 Minutes With...A Certified Public Accountant: Choosing the Right Structure for Your Business

Choosing the business structure for your small business is the single most important decision you will make. This is a decision that will determine how much tax you will pay each year, how likely you are to be audited, and which of your assets will be exposed in the event of a lawsuit.

Using criteria such as audit risk, personal liability protection, setup cost, and tax ramifications, we have compiled a comprehensive comparision of the five most common types of entities: S Corporations, LLCs, C Corporations, Sole Proprietorships, and Partnerships.

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