Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Entire DC Network
A Rational Approach To Business Entity Choice, Eric Franklin
A Rational Approach To Business Entity Choice, Eric Franklin
Eric H. Franklin
Choosing the correct legal entity for a business is a decision that should not be taken lightly. For an entrepreneur, the legal entity decision carries consequences that will affect vital aspects of the business, including how it will be managed, taxed, and viewed by the public. Unfortunately, entrepreneurs generally give this decision little attention and make the choice without legal or tax advice. Compounding the issue is the fact that many states offer a dizzying number of legal entity forms. Indeed, many states offer more than a dozen different legal entity forms, despite the fact that most of these forms …