How To Incorporate A Business In The USA? Pros And Cons Of Different Legal Forms
In the life of an entrepreneur, one day comes the moment for incorporating his/her activities. And then usually comes the question ‘How the heck do I do that?’ or ‘How to incorporate a business?’. What type of company would you found, if you needed to do that? Would you found a C Corp or you would choose a sole proprietorship? Maybe founding a limited liabilities company (LLC)? What are the differences between all of these what would be the most appropriate for you? Someone may say: Damn, isn’t it enough that more than 90% of starting entrepreneurs fail, but now I should do some legal and accounting stuff? I am not trying to scare you, but the problems just start with founding your company. Everyone who wants to be an entrepreneur should learn to cope with things, no matter what he/she comes across, so be prepared. Now, again on the matter… If you are not quite familiar with the pros and cons of the different legal forms of businesses, we have prepared a cool infographic for you. In fact, we just came across this picture, it was created by some guys/gals from the University of Southern California. This means that this information is quite reliable and we hope it helps you a lot in choosing the right legal form of business for you. The different variants are compared in two major aspects – taxes and formation. Depending on who you are, what you do and how, this picture will help you make the right choice. See yourself below:
How To Incorporate In USA? Choosing Between Sole Proprietorship, Partnership, S Corporation, C Corporation or LLC
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