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Choose a Business Structure

When registering a business in US you must decide what form of business entity to establish.

Your form of business determines which income tax return form you have to file.

When you fill in your Employer Identification Number (EIN) you must choose one of the following business entities:

1. A sole proprietor is someone who owns an unincorporated business by himself or herself.
    
2. A partnership is the relationship existing between two or more persons who join to carry on a trade or business.
   Each person contributes money, property, labour or skill, and expects to share in the profits and losses of the business.
    
3. A limited liability company (LLC) is a flexible form of enterprise that blends elements of partnership and corporate structures.
   It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions
    
4. In forming a corporation, prospective shareholders exchange money, property, or both, for the corporation´s capital stock.
   A corporation generally takes the same deductions as a sole proprietorship to figure its taxable income

Read more

Read more about business structure at www.sba.gov  + search Business Structure.

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