Starting a business can be an overwhelming process. Here's a guide to the different kinds of businesses you can establish to make the process easier for you.
There are several types of businesses and it is important to choose which one to use carefully. The type of business you choose to establish will affect how you pay taxes and the legal status of the business. The most common types of business are the corporation, S corporation, partnership, sole proprietorship, and LLC.
After the jump, I explain the types of businesses you can form and their pros and cons.