One of the most crucial decisions you’ll make when starting a business is selecting its structure. Your choice of structure will depend on the size and type of business, your personal circumstances and how much you plan to grow the business. Your selection may impact tax liabilities, potential personal liability, asset protection, your responsibilities as a business owner and more.
This workshop includes an in-depth discussion about the pros and cons of the available options in New York State, such as sole proprietorship, partnership, "c" or "s" corporation, and the limited liability company (LLC), so you can determine which one is best for you.
Patrick Archer, an attorney invited by Business solutions to gave a lecture on choosing the right legal structure for your business at the workshop. Nearly 30 entrepreneurs showed up to the workshop.
The Flushing BID is looking to hosting more workshops in the near future.