When launching a business, there are a million and one things to do. You need to raise money, hire staff, develop a marketing strategy, and the list goes on. But before you do any of that, you should choose a business entity structure.
This decision will have important legal and financial implications for your company. The amount of taxes you have to pay depends on your business entity choice, as does the ease with which you can get a or raise money from investors. And if someone sues your business, your business entity structure determines your risk exposure.