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