Goings Legal offers expertise in:
- business strategy
- business formation
- nonprofit formation
- bylaws, operating agreements, and shareholder agreements
What is a business entity?
A business entity is the structure your business takes, such as sole proprietorship or corporation. Depending on the entity type, a business can be separate from the owner or tied to them personally.
What entity am I?
If you haven’t taken the steps to form a separate entity, the default structure is sole proprietorship.
Do I need a separate entity?
It depends. There are benefits to separating the business entity from you personally, but whether this is the correct move depends on your preferences.