TYPES OF BUSINESS ORGANIZATIONS

The types of business organization that will be used by you is entirely your choice. There are four basic types of business organizations:

  • Sole Proprietorship
  • Partnership
  • Corporation
  • Limited Liability Company
We regularly provide advise to our clients as to which of the four types of business organizations would best fit their particular situation. Some of the considerations that go into what is the best type of business for you are tax advantages, organizational expenses, control of the business, expansion of the business, perpetuation of the business and personal liability to you, if any, resulting from the business.

© 2007 Joseph M. Lucas & Associates, L.L.C.