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Forms of Business Ownership Checklist


Overview
This Checklist will provide basic information on the issues which need to be considered in choosing an appropriate business form structure.

When You Need It
- Use the Forms of Business Ownership Checklist as a guide to help decide what type of business formation best suits your plans and needs in staring your new business.
- Use the Forms of Business Ownership Checklist as a guide to help decide whether to change the type of business formation you currently operate under in your business, if possible.


Getting Started
- As you prepare to review the Forms of Business Ownership Checklist, take care to identify all the important issues which will occur in your particular business.  Don't be too quick to decide which type of business is best for you and your company.
- Keep a list of questions for your expert advisers (your accountant and your attorney) as you go through the Checklist and discuss each question with the appropriate advisor until you thoroughly understand each issue.  If possible, have this meeting with both advisors present to ensure a full discussion of all your options.


When to Review and Revise 
- Change in circumstances or in the preferences of the owners of the business regarding the type of business formation under which the business should operate.