Choice of Entity

Summary

What are Business Entities?

Why is it important to choose the right entity when forming your business?

A business entity describes the legal structure under which a business operates. If you wish to start a cooperative business, it is important to choose the right entity for a number of reasons, including the application of employment law, liability, and taxation. This chapter includes a very broad overview of such issues. For additional discussion, please refer to the other relevant chapters in this manual.