At some point in your journey as an entrepreneur, you will have to make the decision about creating an official entity for your business. If you are not planning to grow your business, a sole proprietorship might work just fine for you.

However, if you are planning to grow, then depending on your plan and various other facts, you might consider either organizing your business as a Limited Liability Company, a Corporation, or a Partnership.

Each structure comes with different compliance requirements, liabilities, and tax consequences. An experienced attorney can tell you what the industry standard is for your business, and what considerations to keep in mind for each type of entity.

Download this Cheat Sheet for the different types of entities available in California or make an appointment for a consultation here.