📦 Business Structure Isn’t Boring (It’s Smart Strategy)

Here’s something nobody tells you: your business structure affects everything—your taxes, your liability, and even your ability to grow.

But too many small business owners skip this decision or just follow what their friends did. That’s risky.

So let’s fix that.

In this issue, we’re breaking down the 4 main types—in plain English—and how to know what’s right for you.

🧩 1. Sole Proprietorship: The Quick Start (But Risky)

✅ Best for: Freelancers, side hustlers, solo startups.
⚠️ Watch out: You are the business. That means no legal separation—if something goes wrong, your personal assets are at risk.

💡 Simple to start, no paperwork needed. But as soon as you start growing or hiring, it might not be enough.

👫 2. Partnership: Two Heads, One Liability

✅ Best for: Founders building something with a partner.
⚠️ Watch out: Like a sole prop—but now you’re legally tied to your partner’s decisions too.

💡 It’s easy to start, but get a legal agreement in place early. Don’t wait for problems.

🛡️ 3. LLC (Limited Liability Company): The Goldilocks Option

✅ Best for: Entrepreneurs who want legal protection + tax flexibility.
⚠️ Watch out: You’ll pay annual fees and file more paperwork.

💡 This is the most popular choice for a reason. It separates your personal and business finances and gives you options to be taxed as a sole prop or S-corp.

🏛️ 4. Corporation: For Serious Scaling

✅ Best for: Startups planning to raise capital or go public.
⚠️ Watch out: More rules, more filings, more admin.

💡 If you’re bringing on investors, hiring fast, or want equity for your team—this is your move. Just don’t go here unless you really need it.

⚡ Quick Recap: What to Do Now

📝 If you're just starting and want something easy → Sole Prop or LLC.
👯‍♂️ If you’re building with a partner → LLC with an agreement.
🚀 If you’re growing fast or getting investors → Consider a Corporation.

And if you're stuck? Talk to a tax pro before you register. A 30-minute chat can save you from years of regret.

🔍 Coming Next Week:
“Do You Need a Business Bank Account?” – Yes, and we’ll show you why (and how to pick the right one).

📬 Enjoying this series? Forward it to a friend who’s just getting started.