1.5: Business Structures
The form that your business venture takes will affect many things. It will not only dictate the manner in which business is conducted, but it will also determine your relationship with governmental entities. Considering the scope of your business, will you need partners, employees, or investors?
Business Structure Matrix
A concise table illustrating different business structures and their attributes.
Definition of a Limited Liability Company (LLC)
A business structure similar to a corporation, where members are not held personally liable for insolvency.
Doing Business As a Fictitious Business Name
Using an assumed name is an easy way to label your business as a sole proprietor, or to create an alias for an already-created LLC or corporation.
For legally protecting your company's name.
Legal Information Institute: Partnership
A definition and overview of partnerships and their legal basis.
PA Department of Revenue Online Business Registration
A portal for online business registration with the Departments of Labor and Industry, Revenue, and State.
PA Department of State Corporation Bureau
New businesses in Pennsylvania must be registered with the commonwealth's Corporation Bureau.
Facts about the most common business structure; a business owned and operated by a single individual or "sole proprietor."