What Is The Best Business Structure For A CA Owner Operator, Just Starting Out?
I'm starting a 2 person business in CA, where I will be an owner operator. I would like to know what is the best business structure for a new company that wants to expand in the future. An S-corp, an LLC or a partnership?
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asked 2 years ago
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In my opinion, partnership will work best in your case. A partnership is a business entity where the partners share with each other the profits or losses of the business. These are often favored over corporations for tax purposes, as the structure does not generally incur a tax on profits before it is distributed to the two of you.
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