Choosing a business organizationQuestion What are some factors in choosing a business organization?
Answer When deciding which legal form of business to choose, here are the major factors to consider:
- Personal liability - Profitability - Capitalization - Nature and number of owners - Financial situation of owners - Tax issues - Complexity of the operation Seek the advice of a business attorney and a certified public accountant to help you make this important decision and to handle the details. 
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
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