Navigating the labyrinth of business structures can be a daunting task, especially when you're busy juggling the day-to-day responsibilities of your venture.
Options for business structures for self-employed individuals in the United States are diverse, reflecting the varying needs and preferences of entrepreneurs across industries. However, each business structure has its own pros and cons. Sole proprietorships, LLCs, S corporations, C corporations – each offer distinct advantages and disadvantages. Making the right choice can profoundly impact your taxes, liability, and long-term growth.
In this blog post, we're your guide to the world of business structures for the self-employed. We have three resources below to help you explore options and get the information you need to make an informed decision. Whether you're a freelancer, consultant, or a one-person startup, this is your roadmap to building a solid foundation for your self-employed journey.