- Limited Liability Companies (LLCs)
- Sole Proprietorships
- Partnerships and Limited Partnerships
Each of these structures comes with a set of pros and a set of cons. In the end, it is up to you to decide which structure will meet your needs, but you do not need to shoulder this burden alone. We urge all entrepreneurs in the Cincinnati region to seek professional guidance from a lawyer skilled in business formation. While you can research business structures on your own, consulting with a lawyer is usually the easiest and fastest path to a well-informed decision. Other benefits of attorney guidance include discussions about the tax implications of each structure and conversations about your future business goals. In future posts, we will discuss these business formation and structure options one at a time and more comprehensively. In the meantime, we invite you to continue learning more by browsing our website and our legal blog.