The legal structure affects how the business is managed, taxed, and held liable for its activities. Choosing the right structure is crucial as it impacts financial management, legal protections, and operational flexibility. Entrepreneurs should carefully evaluate each option, considering factors like liability protection, tax implications, and administrative requirements, to ensure that the chosen structure aligns with their business goals and operational needs.
www.business2sell.com.au/blogs/strategy/how-to-choose-the-best-legal-structure-for-your-business