When organizing a new business, one of the most important decisions to be made is choosing the structure of the business.

The form in which you conduct your business determines issues such as the extent of personal liability that you have from the business and how the business will be taxed. If you are uncertain about your choice, you should consult with an accountant and an attorney to help you select the form of ownership that is right for you.

The most common forms of business organizations include: