Contemplate the right legal entity
The best legal entity varies for each owner and each business. Every option has its advantage. Consider the type of business, your business and personal goals, and your personal finances when making this decision.
Consult the Experts again
Consider the type of business, your business and personal goals, and your personal finances when making this decision. Click here for the U.S. Small Business Administration’s opinion. Again, it is wise to talk with those no-fee consulting experts to find out which legal entity is the best fit for your business.
Please note that the Small Business Development Center (SBDC) operates a satellite office in the Augusta County Government Center. When you speak to a SBDC representative, request an appointment at the Government Center if that is most convenient for you.
Also, consider discussing the topic with an attorney and an accountant. Professionals will help you consider the type of business, business and personal goals and personal finances when making this decision.
For any legal structure other than sole proprietorship, register the appropriate documents with the State Corporation Commission.