As a business startup, one of the first decisions you need to make is the form of your business - whether or not to incorporate, become an LLC, a partnership, or just a sole proprietorship.
There are several ways to form a business. The most popular among small business owners is a sole propietorship. Also, partnerships, corporations, limited liability companies, limited liability partnerships, and "S" Corporations.
This tutorial teaches the basics of the different business entities and the advantages and disadvantages for choosing one type over another for your business. As with any major business or financial decision, please discuss this with your attorney and tax advisor before making a decision.
