Tag Archives: Business Form of Organization

Sole Proprietorship, Partnership or Corporation – Choosing The Best Form Of Legal Organization For Your Art Business

When starting a new art or creative business (or any other business for that matter) you will be faced with choosing a legal form of organization for your company. In fact you may have already made that choice whether you are aware of it or not.

There are several kinds of legal forms of organization – sole proprietorship, limited liability company (LLC), partnership and a corporation. Each one has its advantages and disadvantages depending on your needs for financing, the level of control you wish to retain, tax consequences and the level of risk or liability that you are willing to take.

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Starting Your Creative Business – Your Form Of Organization (Sole Proprietorship, Partnership or Corporation)

When starting a new art or creative business (or any other business for that matter) you will be faced with choosing a form of organization for your enterprise. In fact you may have already made that choice whether you are aware of it or not.

Basically there are three kinds of forms of organization – sole proprietorship, partnership and a corporation. Each one has its advantages and disadvantages depending on your needs for financing, partners and the level of risk you are willing to take.

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