Sole Proprietorships, Partnerships, LLC’s (Limited Liability Company), Corporations, none of these legal structures is better than another, the question is which one is right for your business. Choosing the best legal structure for a business is a complicated affair that goes beyond liabilities, the income tax factor, profit sharing and other benefits. You should keep in mind that (although possible) it’s not easy to change the legal structure at a later point. As with everything else, you need to balance the advantages and disadvantages.

CWA will help you choose the right legal structure for your business taking into account factors like:

  • Income tax payment
  • Distribution of profit
  • Financial liability
  • Accounting
  • Management decisions
  • Funds or capital raising