Choosing the right business structure
How you set up your business can make a huge difference in the amount of financial risk you are exposing your assets to, the taxes you pay, and the set of legal rules that apply to your business. To say the least, some business types have more pros than cons! With all those options, how do you choose the right one for you? In this presentation, business attorney Kimberly Hanlon will cover the differences between the most common types of business structures for small businesses and the pros and cons of each one. She will also provide a handy guide you can take with you with a summary of the information.
In this presentation, Kimberly will cover:
- What options do I have for my business?
- Which options provide me with personal asset liability protection? (And which ones don’t?)
- How about taxes?
- What rules apply to sole proprietors and general partnerships?
- What rules apply to LLCs (limited liability companies)?
- What rules apply to corporations?
- How do I choose the best business structure for my situation?
- When can I DIY, and when should I seek legal help?
Choosing the right business structure
Date
August 27, 2024
Time
11:00 am - 12:30 pm
Location
WebinarPresented by
Kimberly Hanlon (SCORE Twin Cities)
Cost
Show all resources
Get connected to professional resources, tools, and guidance from business experts.
Schedule a consultation
Meet one-on-one with a Business Navigator to assess your best next step.
Real businesses, real stories.
How to get the most out of Elevate Hennepin advising in 2026
Elevate Hennepin’s Business Navigators Ixchel McKinnie and MayPa Yang shared their best practices for getting started and getting going with Elevate Hennepin.
Elevate Update: A more modern Friday Financial Services
Yolanda Friday, founder and owner of the tax and accounting firm Friday Financial Services, joined Elevate Hennepin's CEO Start cohort for help modernizing her business. Now, a year later, she continues to successfully evolve her company to keep up with her ever-changing market.