Pasco Enterprise Network |  Pasco Economic Development Council | 16506 Pointe Village Drive, Suite 107 | Lutz, FL 33558

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...

April 5, 2023
From Information to Inspiration with John Graden
Date & Time:  Wednesday, April 5, 2023 (6:00 pm – 7:00 pm)Location: New Port Richey Registration: FREELearn powerful public...
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April 6, 2023
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When: Thursday April 6, 2023 10:00 AM - 2:00 PMWhere: Baymar Solutions 1515 Gunn Hwy, Odessa, FL 33556Join us for a business resource...
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April 11, 2023
East Pasco Entrepreneur Roundtable
East PascoFacilitator: SCORE MentorDate & Time:  Tuesday, April 11, 2023                  ...
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