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Need Some Deductions for 2012?
Don't overlook these!
Updated for 2012
Choosing a Legal Structure for Your Business
One of the first, and most important business decisions you'll have to make when starting a business is deciding on a legal structure for operating your business.
Your choice will affect:
- The extent of your personal liability for business debts
- The amount of taxes you'll pay
- The types of taxes you'll pay
- The tax forms you'll use
- Your filing deadlines
- Your ability to raise capital
- Your ability to attract employees
- How you transfer ownership of your business
- The cost of professional services to set up and maintain your business
Here are your choices:
Next:
Sole Proprietorships: What Is a Sole Proprietorship? Sole Proprietorships Are Easy to Start; Licensing Requirements; Tax Identification Numbers; Taking Money Out of Your Business; Tax Status of a Sole Proprietor; Estimated Taxes; Husband and Wife as Co-Sole Proprietors; Community Property Exception; Community Property States; Schedule C, Profit or Loss from Business; More Than One Business; Self-Employment Tax
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