If you’re considering launching a business with one or more other people, a partnership might be a legal business structure that you’re considering. Find out what partnerships are in business, and the pros and cons of setting up your small business as a partnership.

LLCs are a popular legal business form for small businesses. Discover what LLCs are, and what their advantages and disadvantages as a business model are. What is an LLC? LLC stands for “limited liability company.” LLCs have become the legal business structure of choice for many small business owners, because they combine some of the advantages of various other legal business forms. Pros [...]

If you plan to operate your business on your own, a sole proprietorship may be an acceptable and appropriate legal business form for your needs. Find out what sole proprietorships are, and whether or not that legal business form would suit your small business. What is a Sole Proprietorship? A sole proprietorship is a business with only one owner, that’s not a corporation of any kind. Many business [...]