4 Reasons to Switch Business Structures

Here are four reasons that you might need to change your business structure:

Addition of partners.

If you decide that you want to share the responsibility for management and decision-making, then you will need to change the structure of your small business.

For example, you would do well to consider becoming a partnership or a corporation. If you want to incorporate, there are several possibilities: a C-Corporation, an S-Corporation, or a Limited Liability Corporation (LLC).

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