The legal structure of your business impacts personal liability

You’ve got a million-dollar idea, you’ve acquired the start-up funds and now you’re ready to get the gears turning to establish your new business. But wait — there’s one major factor you may not have considered.The legal structure you choose to establish for your business has an enormous impact on the way it operates. If you have concerns about facing personal liability, it’s important to choose wisely.If your new business will stretch your funds, you may not be able to take on losses that personal liability could create. If you can’t afford the risk, a corporation or an LLC may be the best structure for your business…