Right choice for business organization

The short answer is, it depends on the size of the business, the business model, the number of owners, the financial situation of the owners - and at least a few more factors.

The good news is, you have a handful of choices, from sole proprietorship, to two kinds of partnerships, to two kinds of corporations, to the limited liability company.

The way to choose which is right for you is to talk with an attorney and a certified public accountant about the factors mentioned above. Let them guide you to the right decision.