The leap into self-employment happens by choice for some and by accident for others. No matter how an entrepreneur gets her start, though, one of the first decisions she will have to make is how to structure her business. There are five different types of business structures that may be used. Through real-life examples, The Wall Street Journal demonstrates how to set up a business and details how much it costs. Read Setting up a Business Structure to find out in plain English what the following mean:

Business Structures
  1. Sole Proprietorship
  2. Partnership
  3. C corporation
  4. S corporation
  5. Limited Liability Company

As AsItChanges continues the Modern Enterprise series, each will be convered in depth as part of the “Service-Based Modern Enterprise” model – so stay tuned!