Types of Business Entities Sole Proprietorship General Partnership Limited Liability Company LLC Regular Corporation S Professional

Types of Business Entities

Dec 17, 2012 By Bill Wortman

Selecting a business entity is one of the most important decisions you will make when you start your business. Each of the options you have will have their own strengths and weaknesses, and this guide will prepare you to make the right decision.

Small Biz Gems

“Nothing great was ever achieved without enthusiasm.” —Ralph Waldo Emerson
A lecturer, poet, and essayist, Ralph Waldo Emerson was the leading voice of the New England Transcendentalist movement of the mid-19th century, which valued insight over logic while also advocating for humanity’s inherent goodness. This revelation comes from the closing paragraph of “Circles,” a chapter in his 1841 book Essays, First Series.

“I insist on a lot of time being spent, almost every day, to just sit and think. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.” —Warren Buffet

“I have not failed. I’ve just found 10,000 ways that won’t work.” —Thomas Edison

“You can’t ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.” —Steve Jobs

Types of Business Entities Sole Proprietorship General Partnership Limited Liability Company LLC Regular Corporation S Professional

Footer

About Us