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For first-time founders, there’s a lot of new territory to navigate. Pretty quickly, you need to figure out product-market fit, customer acquisition costs, and a realistic business model. You need to add to your team and make your first big hires. And you need to understand important legal matters like intellectual property, ownership percentage, and business structures. 

In this article, we’ll cover the most common legal business structures, so you can understand which type might be right for your startup. Keep in mind that while this advice is based on my work with tens of thousands of companies over two decades, it’s general information. It’s not a substitute for the advice from an attorney or tax advisor who is familiar with the details of your particular situation.  Read more…

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