Business Structures

Should you launch your business as a sole proprietorship, partnership, LLC, or something else?  There are many options, but which would be the right decision for YOUR business?  Decisions, decisions, decisions!

The U.S. Small Business Administration defines the types of business structures as follows:

  • Sole Proprietorship - A sole proprietorship is the most basic type of business to establish. You alone own the company and are responsible for its assets and liabilities.
  • Limited Liability Company - An LLC is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership.
  • Cooperative - People form cooperatives to meet a collective need or to provide a service that benefits all member-owners.
  • Corporation - A corporation is more complex and generally suggested for larger, established companies with multiple employees.
  • Partnership - There are several different types of partnerships, which depend on the nature of the arrangement and partner responsibility for the business.
  • S Corporation - An S corporation is similar to a C corporation but you are taxed only on the personal level.

Understanding the pros and cons associated with the various types of entities will be important before you make a decision. The good news is.. we’ve got some great resources to help you decide what will be right for you.


Connect with the PEN Partner that can help you decide on the business structure that is right for your company:

Pasco Economic Development CouncilSmall Business Development Center at USF

Upcoming Events...

July 6, 2022
Pasco EDC Brown Bag Lunch & Learn

Purpose:   The Pasco EDC Brown Bag Lunch & Learn is an open invitation to anyone interested in hearing more about the Pasco EDC and the programs and services we offer.  Bring your lunch and come and discover what your local Economic Development Council is charged with executing.


Time:  11:30 AM - 1:00 PM
Location: Virtual
No cost

Lunch & Learns will be provided Online until further notice.

Online via Zoom Meeting: (log in instructions will be e-mailed to registered participants 2 days prior to workshop)

If you do not have Zoom see download instructions HERE.  If you need more information about using Zoom visit their Help Center.

Register Now!

Location address:

Pasco EDC Headquarters, 16506 Pointe Village Drive, Suite 101, Lutz, FL 33558
West Pasco Entrepreneur Center, 4532 US Highway 19, First Floor, New Port Richey, FL  34652
East Pasco Entrepreneur Center, 15029 14th Street, Dade City, FL  33525
SMARTstart Grove Entrepreneur Center, 6013 Wesley Grove Blvd, Ste 202, Wesley Chapel, FL 33544


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July 6, 2022
Building Your Business’ Bankability with Gilene Janvier - West Pasco

Speaker: Gilene Janvier, Suncoast Credit Union

Date & Time:  Wednesday, July 6, 2022 (12:00 pm – 1:00 pm)
Location: SMARTstart West Pasco Entrepreneur Center
Registration: FREE

Learn strategies and what it takes to build business credit, take advantage of cash flow tools, and learn the ins and outs of business banking.

RSVP to Attend This Month's Event


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July 7, 2022
What You Need to Know to Start a Business - SBDC

Date & Time:  Thursday,  July 7, 2022
                              (10:00 am – 11:00 am)
Location: Online 
Registration: No Cost 

You've got the idea. Now you need to know how to get on your way. From how to determine feasibility and legal structures to the types of licenses you'll need, this class covers all the essentials that will help you get started.

Register Now!


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