Best Legal Structure for Small Businesses - Virtual Assistant Forums

Rebecka Melson · #1 (**permalink**) 06-09-2008

Here is a great article I found, "What is the Best Legal Structure for My Small Business".

It is one of the most comprehensive articles I've found and gives detailed information about the different options available and the tax consequences for each.

Tess · #2 (**permalink**) 06-09-2008

Wow, Rebecka 8 pages of info here and all in easy-to-understand English (no legalese people!!

) Thank you for sharing this, I have no doubt it will be a valuable resource to those who are trying to determine which way to go.

MaryH · #3 (**permalink**) 06-09-2008

This is by far one of the best resources I have seen for determining which type of business to set up - I am usually confused by the end of articles with all of the "big legal words" and have to read them more than once. This was easy to follow and understand and gave a lot of clear information. Thanks for sharing, Rebecka!

NSHARRA · #4 (**permalink**) 06-12-2008

Great Article! Thanks for the share.

April · #5 (**permalink**) 06-13-2008

Perfect timing! I'm in the process of putting together all of my info so I can register my business and wasn't sure which way I should go...and I even have a legal background yet it still confused me!

HippieMama · #6 (**permalink**) 06-23-2008

Thanks for the post. It helps to decide what type of legal status I should do for my new business.

Andrea

e-ssistant · #7 (**permalink**) 08-28-2008

I am torn between Sole Proprietorship and LLC. I have read up on both and I was wondering if in the beginning is the extra work and money to establish an LLC worth it?

Rebecka Melson · #8 (**permalink**) 08-28-2008

It depends on your State, I live in OK and it only cost $100 to register my LLC with a $25/year renewal fee. For me, the cost was not a factor. However, I know it Texas it costs upwards of $750 to register, in that case I probably would have considered staying a sole-p.

It also depends on the services you offer. I provide bookkeeping and handle a lot of confidential information, so for me the liability protection from being an LLC is a must.