Thanks for taking my quiz to help you figure out what type of business you need! I know that it can be confusing and overwhelming to read about the different types, but hopefully, this quiz answers many of them for you.
So, without further ado, let’s talk about your results.
Your results are: C Corporation
To raise lots of capital, a C Corporation is your best legal form of business. You’ll likely need to bring in investors or venture capitalist funding. You can also go public and access capital through the stock market.
A C Corp is a flexible structure and can have different types of owners, like voting vs non-voting, and more than one class of stock. This makes it more appealing to outside investors to invest in your company.
Like an LLC, you have limited liability. Unless you do something negligent, your personal assets are safe.
When it comes to launching your own business, you really do mean business! You’ve put in all the hard work necessary and are willing to make major sacrifices for the idea you believe in.
You’re ready for your new life as an entrepreneur – all that’s left to do is launch!
Need help with registration? Register your new corporation for $39!
Want other resources? Here are a few I’ve created to help guide you as you create your business entity:
6 Steps to Starting a Business
Get your business started in 6 simple steps with this ebook.
Learn to navigate tax terms, business structure, and understand your tax obligations as a small business owner.