Select Your Business Structure
Business activity may be conducted through a variety of organizational structures. An attorney, accountant, financial advisor, tax advisor, or banker can suggest which form would be most suitable. One of the primary considerations in selecting an organizational structure for a business is protection of a business owner from liability. Other considerations are the transferability of ownership rights, the ability to continue as a business in the event of the death or withdrawal of one or more of the owners, the capital needs of the business, and tax liabilities. Note: The business structure you select will determine the legal requirements of your business. There are very specific laws pertaining to the regulations with which you as a business owner are required to comply. The Division of Corporations and Commercial Code provides literature that can help determine the best business structure for you. Ultimately, however, legal counsel or the assistance of a professional accountant may be needed. Below is a list of the most common business structures.- Guide to the 5 most commonly registered business organizations
- Fee Schedule for Business State Filings(Adobe PDF Document)
Profit Corporation (PC)
- What is a Corporation?
- Information on filing Articles of Incorporation(Adobe PDF Document)
- Preparing Articles of Incorporation
- Information on filing a Professional Corporation(Adobe PDF Document)
- How to Qualify as a Foreign Corporation(Adobe PDF Document)
- Which business entities need to file
- Application for a Foreign Corporation(Adobe PDF Document)
Nonprofit Corporation
- What is a Nonprofit Corporation?
- Information on Filing Articles of Incorporation(Adobe PDF Document)
- Preparing Articles of Incorporation
Limited Liability Company (LLC)
- What is a Limited Liability Company?
- Information on Filing Articles of Organization(Adobe PDF Document)
- Preparing Articles of Organization
- Information on Filing a Professional Limited Liability Company (PLLC)(Adobe PDF Document)
- Application for a Foreign Limited Liability Company(Adobe PDF Document)
Sole Proprietorship
- What is a Sole Proprietorship?
- Application for a Sole Proprietorship(Adobe PDF Document)
General Partnership
- What is a General Partnership?
- Application for a General Partnership(Adobe PDF Document)
Limited Partnership (LP)
- What is a Limited Partnership?
- Application for a Foreign Limited Partnership(Adobe PDF Document)
Limited Liability Partnership (LLP)
- Application for a Limited Liability Partnership(Adobe PDF Document)
- Application for a Foreign Limited Liability Partnership(Adobe PDF Document)
Business Trust
- Application for a Business Trust(Adobe PDF Document)
Collection Agency
- Application for a Collection Agency(Adobe PDF Document)