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Accounting is Just the Beginning

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SmallBiz: What’s the Best Business Structure?

unprepared

Choosing the best business structure for your startup is vitally important. But many business owners stumble upon their business structure by accident without any planning at all.

I know a case where a successful business owner trading as a sole trader who—out of the blue—was slapped with an uninsured legal claim of $390,000. Bye bye business; bye bye house; and hasta la vista wife!

When choosing a business structure, it’s normally a compromise between conflicting objectives. Here are a few pointers to help you choose.

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