Blog: Business Structures

Choosing the Right Legal Structure for Your Business

Apr 13, 2021

Factors to Consider | Your Options It takes courage and confidence to open your own business and take personal responsibility for your success or failure. Choosing the appropriate legal structure can provide you with a significant amount of protection and minimize your tax burden. Different entity types also involve different levels of reporting and compliance. When evaluating your options, here are the factors to consider, as well as the attributes of the different business forms:...

The Different Types of Business Structures in New Jersey

Jun 16, 2017

If you are planning to start a new business enterprise in New Jersey, one of the first decisions you have to make is your choice of business form—what legal structure do you want to use for the business? Here are the advantages and disadvantages of the most common business forms in New Jersey. Sole Proprietorship Though a sole proprietorship is generally the easiest to set up, it also involves the most risk. To establish a...