U.S. Small Business Administration’s Post

Choosing the right business structure gives you the right balance of legal protections and benefits. Learn more about the different types of structures available to small businesses.

Making sure you have the right business structure can be crucial. #smallbusiness #entrepreneurship

✅ Sole proprietorships ✅ Partnerships ✅ Limited liability companies ✅ Corporations ➕ And more Learn about the different types of business structures and determine which one is right for you: https://lnkd.in/d7KuuiB

Do you understand the basic types of business structures?

What is a sole proprietorship? A sole proprietorship is a business that can be owned and controlled by an individual, a company, or a limited liability partnership. A sole proprietorship is an unincorporated business with one owner.

Did you know? A sole proprietorship is not like an LLC (limited liability company) or a corporation in that it is not a separate legal entity from the owner. However, many sole proprietors end up turning their businesses into LLCs later on when they’re ready to scale up. We help you make the best decision when it comes to choosing how you start and grow! #SmallBusiness #LLC #SoleProprietor

Our legal memorandum on the minimum capital amounts increased for joint stock and limited liability companies to be incorporated after the effective date, with the Presidential Decree numbered 7887 published in the Official Gazette on 25 November 2023 and the obligation to have a lawyer in line with the increased minimum capital amounts can be viewed from the link below. https://lnkd.in/dPTxz5z6 #minimumcapital #limitedliabilitycompany #jointstockcompany #havinglawyer

Ready to launch your business? Let us help you through the seamless process of setting up your very own Limited Liability Partnership entity. 🚀 Our team is here to simplify your path to success. 📈 #LLPRegistration #BusinessStartUp #SuccessPartner

The type of business entity you choose... → Sole Proprietorship → Partnership → Limited Liability Company (LLC) → S Corporation → C Corporation ...dictates how your business is taxed. Here’s a breakdown from Kristin Carter, CPA:

What is an LLC? Quite simply, a limited liability company (LLC) is a business structure that is set up to protect its owners’ personal assets from their business’s debts and liabilities. Check out our blog to learn more about the LLC and whether it is the right designation for your business. https://buff.ly/47CwaYg #LLC #BusinessStructure #EntrepreneurLife