Micro Enterprise Marketing:
Which Business Structure Should You Choose for Your Small Business?

CONTENTS

Overview: Which business structure should you form?
Business Entity Comparison
In a Nutshell

OVERVIEW

Which business structure should you form?

Have you thought about this question: "What business structure should you form?"

Which one should you choose:

• Sole Proprietorship
• General Partnership
• Corporation

Researching and comparing various business structures can be difficult - and worse, it could be time-consuming.

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On MyCorporation website, you will find a chart called: Business Entity Comparison Chart.

You can use the said comparison chart to help you understand, analyze and decide which business structure would be best for your business organization.

​You can also try their FREE Entity Quiz.

More than anything, you will need to analyze your needs and your future requirements.

Ask yourself - which one would help you in achieving your business objectives and goals - both short-term and long-term goals?

Looking at the  Business Entity Comparison Chart,
you can see different business structures (see below):

• Sole Proprietorship
• General Partnership
• Limited Partnership
• Limited Liability Company
• Professional Limited Liability Company
• C-Corporation
• Professional Corporation
• Non-Profit Corporation
• S-Corporation

Ultimately, the business structure you would choose to establish the existence of your small business organization would depend on the type of business you have, the industry you are in and the complexity it entails.

You will have to decide - considering many other factors that may affect your business operation.

Obviously, whatever business structure you decide to form, you will always encounter both advantages and disadvantages.

It is a matter of how you can handle the difficulties and how you will manage the resources that you have to combat any challenges that come your way.

One final thought though - it is always good to seek the help of professional consultants and address your situation.

Are you thinking of creating
​your small business in Canada or the USA?

​Do you need help?

MyCorporation can help!