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6 Questions to Ask Yourself Before Choosing a Business Entity

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One of the decisions new entrepreneurs need to make is the legal structure for their business. Of course, this is something that requires guidance from your attorney and accountant because every situation is unique. However, before you talk to your service providers, it is helpful to consider some business issues associated with this decision.

Content provided by Mitch Lairmore, Florida SBDC at USF business consultant

For more, visit us online at http://SBDCTampaBay.com/resources or http://SBDCTampaBay.com/blog.

Published in: Business
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6 Questions to Ask Yourself Before Choosing a Business Entity

  1. 1. 6 QUESTIONS FOR ENTITY SELECTION D O Y O U N E E D T O S A F E G U A R D Y O U R P E R S O N A L A S S E T S F R O M C O M P A N Y L I A B I L I T I E S ? 6 1 W H O I S G O I N G T O O W N Y O U R C O M P A N Y ? 3 H O W D O Y O U W A N T T O D I S T R I B U T E T H E P R O F I T S F R O M Y O U R C O M P A N Y ? 4 H O W O F T E N D O Y O U A N T I C I P A T E O W N E R S H I P C H A N G E S I N Y O U R C O M P A N Y ? 5 W H A T I S Y O U R N E A R T E R M E X I T S T R A T E G Y ? S B D C T A M P A B A Y . C O M / R E S O U R C E S 6 The most appropriate structure for a new business depends on a number of unique factors and business issues. A new entrepreneur can make the best decision possible through consideration of these six issues and getting advice from legal and accounting professionals. � One of the decisions new entrepreneurs need to make is the legal structure for their business. Of course, this is something that requires guidance from your attorney and accountant because every situation is unique. However, before you talk to your service providers, it is helpful to consider some business issues associated with this decision. H O W M A N Y P E O P L E W I L L H A V E O W N E R S H I P I N Y O U R C O M P A N Y ? 2

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