S corporation, Limited Liability Company, C corporation, sole proprietorship … what exactly do they all mean, and how do you choose the right structure for YOUR business?
While there are definitely differences that come into play — particularly when it comes to how your income is taxed and the impact on potential investors — on day one, the legal entity you choose might not be as important as you think. Docstoc.com founder (and law school grad) Jason Nazar dishes on why the structure doesn’t matter as much as vetting your idea.
For more in-depth information, check out Docstoc.com’s tips for choosing the best ownership structure for your business and their massive checklist, Starting a Business: The Great Big Checklist of Everything.
Editor’s note: This article discusses general legal issues, but it does not constitute legal advice in any respect. No reader should act or refrain from acting on the basis of any information presented herein without seeking the advice of counsel in the relevant jurisdiction.