Choices. These are what more than 9 million small business owners in the United States face when starting a business each year, according to the U.S. Small Business Administration's most recently released data. Structuring a company is one of the first decisions with long-term implications a business owner needs to make. Out of the 250,000 new businesses started a year, more than half will fail in the first year due to underdeveloped planning and construction of that business, according to the U.S. Small Business Administration. The wrong legal form of business can lead to missing out on tax breaks, failing to comply with certain laws, or overpaying on taxes.Choosing the Right Legal Form of Business introduces the four major forms of businesses and discusses which one is right for you. Even the most savvy business owner will learn how to pick which form of business is ideal for a particular situation, as this book guides readers through every step of the business creation process from financing, compensating for yourself, whether you need a lawyer, how to handle transition of ownership, and the extended process of naming your business. This comprehensive guide will walk you through each step of the business selection process, ensuring that your new business meets pertinent laws and regulations.