The options for ownership structure for entrepreneurs usually come down to two options—sole proprietorship and limited liability companies (LLC). It’s important to understand the differences between these structures in the context of your business’s needs.
Determining the right structure is not a “one size fits all” model. It should be custom to you so that you can orchestrate and plan your liability exposure and risk, protect your personal assets, minimize tax liability, and plan an exit strategy, which may avoid future partnership disputes and lawsuits by and against the partners.
