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Organizing Your Biz
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When you find yourself ready to get serious about your business you will need to decide how your new business will be structured.  Even if you are not ready to choose a business structure, it is a good thing to know about so when you start to grow your business you will know what steps you might need to take!

Deciding what legal structure your business is going to operate under may not impact your day-to-day operations, but it may have a significant impact if you need to pay taxes, borrow money, attract investors, or find yourself in court!


Helpful Tip
Learn about the different kind of business structures so you know which is the best kind for your business.


Activity

There are four common business formats to choose from to set up your business:

  • Sole proprietorship
  • General partnership
  • Corporation (including S corporations)
  • Limited liability company

Click here to print out a chart that explains the different business structures.

 


Every December Young Americans hosts the annual Young Entrepreneurs Marketplace, a festive event where young business owners sell their products or services to the public. The event takes place the first two Saturdays of every December.




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