Starting a Business

A company's business structure will not only affect the way a business will operate, but it will also determine personal liability of the owner and the tax structure of the company.

Before making a final decision, be sure to consult an attorney or accountant to confirm that the right business structure is selected.

Business Structures

There are a variety of business structures to choose from and it is important to understand the differences to select the best choice. 

Comparative Structure Chart

Each business structure has unique qualities in regard to filing fees, taxation and liability. 

Select a Business Structure


Illinois Small Business Development Center

of McLean County at

Illinois Wesleyan University

Illiinois SBDC color band - FINAL- TRANS
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