Hey all,
My name is Taylor and I'm from Michigan! Now that's out of the way...
As my title says: What legal structure did you choose and why? Since I am working on my business plan currently, I wanted opinions from preferably, shop owners who have experience with the legal side of business.
Honestly, I am concerned about not only taxes, but personal liability when it comes to Sole Proprietorship, and I do not want a partnership unless my Husband is considered! Haha.
On the other hand, I have heard and read a lot about how Corporations can take a lot of funding to create. What has been the most beneficial to starting your business, and what will keep me from being personally liable if, god forbid, something fails? I don't want to lose everything I've already worked hard for!
Advice on what legal form may be best would be greatly appreciated, and thanks so much in advance!
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