How should I organize my business? This will be the first question your client asks before hanging the “open” sign on the door.
The entity type your client chooses will have a profound impact on many things, including:
- Eligible owners
- Rights and duties of owners and managers
- Raising capital and obtaining financing
- Exit strategies
A clear understanding of how each of these is affected by your choice of entity is imperative.
Hone in on the key issues that drive the optimal form of organization and save yourself hours researching business models. Take advantage of a comparative analysis of the key characteristics, advantages, and differences of the most common business entity types - PBI provides you with an excellent guide for advising start-ups or businesses looking to re-structure.