If you are opening a new business in New York, then take a look at the New York Department of State’s brochure entitled Forming a Business in New York: An Overview. The brochure provides a concise table comparing and contrasting the various business entities available in New York as well as identifying the typical tax basis for each type of entity.
Category: starting a business
Many small business entrepreneurs are faced with the difficult decision of which business structure/entity to house the operations of their small business. The Internal Revenue Service provides a concise break down of different U.S. business structures available to American small business. Whether your small business will elect to be a sole proprietorship, partnership, corporation, S corporation, or a limited liability company impacts the governance and taxation of the company. The site features links to short explanatory sections as well as links to tax information and forms.
Thinking of starting a small business in this economic downturn? Take a look at the Small Business Association’s outline about what such a plan should include. Click to check it out!
Take a look at the variety of business entities a company may utilize in the US by visiting the New York City government’s business site http://www.nyc.gov/html/sbs/nycbiz/html/starting/business_legal_structure.shtml
Compare the legal structures listed by the New York City government with those discussed on the UK’s Companies House website http://www.companieshouse.gov.uk/about/gbhtml/gbf1.shtml
