STRUCTURING A Construction Business Construction business owners have four choices of how to structure their business: sole proprietorship; partnership; corporation (“C” or “S”); or limited liability company (LLC). While many contractors start out as sole proprietors, many others find a partnership or corporation better suited to their business goals. In this article, I’ll briefly explain how each type of company structure works, and point out its advantages and disadvantages. Bear in mind, however, that the best structure for your construction business can only be determined by analyzing your individual situation with the help of financial and legal professionals. If you try to fly solo, you will probably regret the decision. For contractors who are just starting out, a
Structuring a Construction Business
"The legal form of your business determines your financial liability, how much money you actually pocket, and the taxes you pay"
1 MIN READ