Choosing a Corporate Structure
Deciding on the right structure for your company can seem a bit tricky, but most entrepreneurs pick between an S or a C corporation or a limited liability corporation.
A corporation is basically a company, which is a distinct legal entity from the person(s) who formed it. Many people in the United States opt to incorporate in Delaware because corporate taxes are lower, but check with your accountant before you finalize your choice as it will depend on the type of business you have and where it does business.
Many entrepreneurs also who choose to be a corporation opt to elect to be a subchapter S corporation. This means that any profits are passed through to the individual shareholder(s) and taxed at their ...
Get Starting Your Business now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
