A sole proprietorship is the simplest type of business structure. This type of business is owned and operated by one person. The owner has complete control over the company and is responsible for all debts and liabilities incurred by the business.
A partnership is a business structure in which two or more people work together to run the business. Partnerships can be either general or limited. In a general partnership, all partners are equally liable for the debts and liabilities of the business. In a limited partnership, only one partner is responsible for the debts and liabilities of the business.
A corporation is a business structure that offers limited liability protection to its owners. The corporation is owned by shareholders and is operated by a board of directors.
Obtain the necessary permits and licenses
Depending on the business you are starting, you may need to obtain specific permits and licenses before you can begin operating. These permits and licenses can vary depending on your location and the type of business you are starting. Our team can guide you on the best practices to ensure a smooth process for obtaining these permits and licenses.