Match the example with the business structure that makes sense for
it.
To match the items, click the example, and then click the business
structure.
Doug and Vanessa want to start a carpet cleaning
business together and share the ownership and profits.
They are not concerned about personal liability. They
want the business to be fairly simple to set up.
Esperanza is starting a business by herself as an
illustrator for magazines and children's books. She isn't
concerned with personal liability, but she wants the
business to be easy to set up.
Robyn wants to turn her sole proprietorship as a tutor
into a larger company with many owners and liability
protection. She is willing to deal with double taxation and
a complicated setup process.
Cuba is starting an event planning company. He wants
to protect his liability, and he would prefer pass-through
taxation.
Ming is starting a business with the purpose of fighting
hunger in her community. She doesn't care about
making a profit and is willing to reinvest any income back
into her products and services.
Sele proprietorship
S corporation or LLC
C corporation
Partnership
Nonprofit corporation