Regardless of the industry you're in, the way you structure your business will have ramifications long into the future.
From the amount of tax you pay to the administrative load and your level of personal liability, the consequences of your decision can be serious; and they may have a profound influence on the success of your enterprise.
It's vital to fully understand your options and put the necessary consideration into the most suitable one for you and your business.
For most small businesses, there are four basic choices. Familiarise yourself with each of the four structures and then ask yourself the right questions in order to determine which structure is best for your business.