Choosing the Right Business Structure
Date and time
-
Location
Online
Organizer
SCORE Prairie and Lakes
olivia.depperschmidt@scorevolunteer.org
701-239-5677
Host organization
SCORE Prairie and Lakes
Type of event
Resource Partner event
Event description
How you set up your business can make a huge difference in the amount of financial risk you are exposing your assets to, the taxes you pay, and the set of legal rules that apply to your business. To say the least, some business types have more pros than cons! With all those options, how do you choose the right one for you? In this presentation, business attorney Kimberly Hanlon will cover the differences between the most common types of business structures for small businesses and the pros and cons of each one. She will also provide a handy guide you can take with you with a summary of the information.
In this presentation, Kimberly will cover:
- What options do I have for my business?
- Which options provide me with personal asset liability protection? (And which ones don’t?)
- How about taxes?
- What rules apply to sole proprietors and general partnerships?
- What rules apply to LLCs (limited liability companies)?
- What rules apply to corporations?
- How do I choose the best business structure for my situation?
- When can I DIY, and when should I seek legal help?