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Things You'll Need

  • Current or proposed address of your company

  • Access to advice and information on legal business entities

  • Copies of your business license, if applicable

  • Copies of a partnership agreement, if applicable

  • Listing of important company milestones and successes (for existing businesses)

  • Results of any tests or surveys of your business idea

  • List of current business assets (where applicable)

  • List of all regulations applicable to your business product, operation, or location

Choosing the Legal Form of Your Company

The legal structure of your company can take the form of three basic entities: The first is a sole proprietorship, the second is a partnership, and the third is some type of corporate identity. If you are a part of a larger company, you state what division or department you are and the relationship it has to the total company. If you're starting your own business, it pays to study these legal entities and look at the advantages and disadvantages of each.


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