Starting Your Business

How to Choose the Right Business Structure for Your Small Business


From Small Business BC

Before registering your business, you should consider the different options available to you. From a legal point of view, there are three common types of business structure: Sole Proprietorship, Partnership, and Corporation. Each structure has different and important implications for liability, taxation, and succession. What are the advantages for your business of incorporating a company versus registering a partnership or a sole proprietorship?

SBBC provides an overview of each business structure, including each of their advantages and disadvantages.