When beginning a business, you must decide what form of business entity to establish. The most common forms of business are Sole Proprietorships, General and Limited Partnerships, Corporations, and Limited Liability Companies. Each legal structure offers organizational options which are appropriate for different personal situations and which affect tax and liability issues. We suggest you research each legal structure thoroughly and consult a tax accountant and/or attorney prior to making your decision.
Additional Information
For additional information, see the State of California Secretary of State’s Business Portal.