One of the first, and most important business decisions you'll have to make when starting a business is deciding on a legal structure for operating your business.
Your choice will affect:
The extent of your personal liability for business debts
The amount of taxes you'll pay
The types of taxes you'll pay
The tax forms you'll use
Your filing deadlines
Your ability to raise capital
Your ability to attract employees
How you transfer ownership of your business
The cost of professional services to set up and maintain your
business