What form of business entity is best?
The choice of legal entity is a difficult issue and must be addressed on a case-by-case basis, depending on the type of business to be conducted, the goals of the owners, and the financial arrangements. There are certain types of entities that are commonly used for some types of businesses, but there is no “right” answer to this question. Normally, when we advise a client on this issue, we work with his or her accountant or other financial advisor to arrive at a recommendation that will best suit the client’s needs.
Can one person form an LLC? »