When it comes to choosing a business structure, there are many different options. Sole proprietorship is a good option if you’re just starting out or freelancing part time, an LLC is a simple way to gain strong legal protections of a corporation, and S or C Corporations are additional options for those looking to incorporate their business.
The best business structure for you will depend on many factors such as the size of your business, your annual profit, and how you plan to grow in the future. Remember, business structure will determine your legal, compliance, and tax obligations. If you’re unsure which structure is best for you, seek out professional advice.