Types of Entities

Not sure which type of business to set up?

Setting up a new company can be daunting. To get started, review the different formation choices below to see which option is right for your business.

Sole Proprietorship

Good to Know:

A sole proprietorship is a business conducted by one owner, who is taxed as an individual.

Need to Know:

Sole proprietors have no liability protection and are personally liable for business debt. Personal assets are fair game for business creditors.