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By no means will this chapter answer all your questions,
nor is it a definitive
resource on anything legal. I highly recommend talking with an attorney and
seeking advice from people in the legal industry. This chapter is only a starting
point to introduce you to the essential aspects of incorporation and finances..
To
make it easy, I’ve split up this chapter into two sections: legal and finances.
Legal
Choosing a business structure
Note: This section is primarily focused on starting a business for
residents of the U.S. Please make sure
you determine the correct
structure for the country in which you reside.
The first step in setting up a business is deciding how the business will be set up.
Since you’re likely a one-person operation, this is typically pretty straightforward,
but you still need to weigh your options and see which one is best for your
personal situation.
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Since every business is different, this guide won’t be able to help
you choose which structure is right for your company. That’s
where a lawyer can help out. However, this guide can help you
understand these structures.
With that said, here’s an overview of four widely used business structures.
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