In the previous post, we discussed two entities that are available to Michigan businesses. In this post we discuss the final three entity types - corporations, limited liability corporation, and non-profit corporation:Read more
For novice business owners, choosing a business structure typically comes down to answering four questions:
- How many people will own the business?
- How much personal liability protection will be needed?
- How do you want your business to be taxed?
- Would your business benefit from being able to sell stock?