Business Ownership Types

business to-do-list graphic

Written by Charley Blewett

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Nevada Small Business Development Center

Forms of business ownership

Nevada SBDC has provided this great resource about the types of business structures. From Sole Proprietorships to Corporations, and let’s not forget about Limited Liability Companies or LLC’s. Click the links provide here to read this concise article about business entities and their associated key factors.

Which is the right one for your business?

One of the first executive decisions you’ll make for your new business is choosing the type of legal organization that’s best for you. The choice you make is important because it will determine what your business can and cannot do, what will happen if someone sues you, and how both you and your business are taxed. There are basically four ways to organize a business. Listed from the simplest to sophisticated, they are:

  • Sole Proprietorship
  • Partnership
  • Corporation
  • Limited Liability Company

Nevada Small Business Development Center

Nevada Small Business Development Center

Take a look at the many free resources Nevada’s SBDC has to offer. Visit this business knowledge-base today.

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