As we are helping some of our small business clients establish and grow, one of the most common topic that may come up is the type of entity that is right for their business. What is right for the business from the start may not be the right business later on, so this is a great topic to revisit from time to time with your client as they expand and grow their business. This article will explore the main business entity options you can discuss with your client when deciding what type of business entity is best for their business.

The most common business entity types are:

• Sole proprietorship
• Limited Liability Company
• Partnerships
• Corporations

Business entity to also consider:

• Non-profits
• Cooperative
• Trust and Land Trusts