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Step Two: Business Structure

Business StructureStarting a new business requires making many decisions. A business owner is, by default, a decision-maker. Fortunately, resources at the local, state and federal levels abound to assist you with decisions related to starting and running your new business.

Decision: Business Organization

Once you know the type of business you wish to operate, you will need to decide on its organization. Will it be a sole proprietorship, a partnership, a corporation, or a limited liability company? Perhaps these choices sound confusing, but once you understand the pros and cons of each, your decision should be easy to make.

The Different Types of Business Ownership

Next: Sole Proprietorship >>>


For more information, contact:

Pat Killette
Small Business Center Director
(919) 209-2015
Johnston Community College | 245 College Road | PO Box 2350 Smithfield, NC 27577
(919) 934-3051 - - Copyright © 2014, All Rights Reserved.