Which business entity should I follow?

Whether you want to follow the model of a sole proprietorship (a business owned by a singular person) or a major corporation (a group or company of people legalized to perform business activity as a single entity), any form of business should drive profit and have a sustainable means of doing so. If you want to remain in complete control, a sole proprietorship may be the most appropriate option. Contrarily, if you find yourself gaining significant traction at a certain market level and want to expand, involving shareholders and potential partners may be a valuable asset and investment in the greater scheme of things. It is important to research all business entities and determine which is the most suitable. Speaking to an attorney and an accountant can help steer you in the right direction when choosing which business entity to choose.

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