Determining which business structure is right for you ultimately comes down to your business needs and future plans. Keep in mind that many small businesses start as an LLC, and then incorporate once growth is substantial enough to leverage the advantages of a corporation.
Doing business as a sole proprietorship doesn't protect your personal assets, while registering as an LLC or corporation does. Corporations offer growth opportunities above what an LLC offers. You can view those differences here. Compliance becomes more complex when you're a corporation, but we're here to help you with what you need.
Once the state approves your business registration, you'll receive a certificate proving your business exists. This certificate is the key to opening a business bank account, obtaining your EIN (Employer Identification Number), and creating an operating agreement.
