Comparison Chart: What Are the Differences Between Different Corporate Structures?

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Starting a business can have huge financial and legal implications. The decision on whether or not to incorporate can be a complicated one. Ultimately, you will want to consider these factors:

• Your own personal assets and liabilities
• Your existing capital and need for outside investors
• Your ability to attract outside investors
• State licensing, statutes, and tax requirements
• The time commitment necessary to handle regulations and formalities
• The size, scope, and type of business you're starting
• Startup costs, including licensing and other fees