Legal Forms of Business Ownership
Another important task is to evaluate which of the four basic legal forms of ownership is right for your business:
Each has advantages and disadvantages that you should weigh according to your personal and business goals. The U.S. Small Business Administration is a great resource (www.sba.gov). It provides materials to help you decide which business ownership to pursue. Use the summary below as an introduction to the basics of the legal forms of business ownership options.