Home  Corporate Structures Incorporating a Small Business
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Incorporating a Small Business |
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IncorporatingSeveral types of business structures exist for the purpose of operating a business. There are advantages and disadvantages to legally incorporating your small business. To be eligible for a small business loan from a commercial lender, your business must be incorporated and in compliance with all the local, state and federal laws. Consulting local legal counsel is highly recommended, information provided on this site is purely informational and may not be applicable in your state. The legal structure for your small business depends on the products and/or services, your personal circumstances, company goals, ownership, liabilities, finances and taxes. A lender will not finance your business if it is not incorporated. You may conduct business as a non-profit, a sole proprietorship, a partnership, an S corporation, a C corporation, or a limited liability company (LLC). Please contact us for more information about incoporating a small business.
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