What Factors Affect Which Entity is
Best in Your Situation?

After reading the highlights of each type of business ownership, let's turn our focus to the key questions that need to be asked to determine which entity may be best in your situation.

1. What is your type of business? Do you sell a service or a product?
   
   
2. What is your gross revenue for a 12-month period of time?
   
   
3. What is your net profit during that same 12-month period of time?
   
   
4. Do you have a partner?
   
   
5. Will your business develop a net worth? Have inventories or receivables?
   
   
6. Will your business be purchasing a lot of equipment with debt?
   
   
7. If the owner stops working will revenue stop coming into the company?
   
   
8. What is earned income level of the owner(s)?
   
   
9. What are the liability concerns of the owner(s)?
   
   
10. Is the goal to sell the business soon? Are fringe benefits such as health insurance an important consideration?
    
    
11. What are the state tax consequences?
    
    
12. Do you have other C corporations?
    
    
13. Will the property be dealer or investor property?
    
    
14. Will the entity want to keep profits as retained earnings for future growth and expansion?

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