Business Structures 

When starting a business, choosing the appropriate structure is a critical decision that can impact your company's legal and financial aspects. There are several types of business structures, including sole proprietorships, partnerships, Limited Liability Companies (LLCs), S Corporations (S Corps), and C Corporations (C Corps). Each structure has its unique set of advantages, limitations, and tax implications. Sole proprietorships and partnerships are the simplest forms, offering ease of setup but limited liability protection. LLCs and S Corps provide limited liability protection and pass-through taxation, with differences in ownership and management structures. C Corps offer the greatest liability protection but are subject to double taxation. It's essential to carefully evaluate each business structure's features and requirements to determine the best fit for your company's needs and goals.