Forming A Business Entity: Why Size Doesnt Matter

| Total Words: 568

Say the word corporation to the average person and theyll probably make the association of a substantial business: office buildings, boardrooms, stock deals, factories, an army of employees, and so on. In making that association it may never occur to someone who owns a business, no matter how small, whether already up and running or still in the planning stages, why they should have a business structure not all that different from what they pictured as the big company. That business structure or entity might take the form of a Limited Liability Company (LLC), a close corporation, or a non-profit corporation.

Almost any form of business enterprise you can imagine, from a corner deli to a plumbing and heating business to a business consultant to a one-truck trucking company, can benefit from forming one of those business entities. But wait, you say, my business is small or just in the embryonic stage. Ive got a lot of expenses and I cant afford the time or the costs of forming a business entity.

There are two answers to that objection. First, you can call us at Harvard Business Services, Inc. or go to our web site at and have a business...

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