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Articles of Organization  State Department of Assessments and  Form

Articles of Organization State Department of Assessments and Form

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Welcome to this video on the Types of Business Organization in Maryland, presented by StartingYourBusiness.com. This video is a part of our series of videos on starting a business in Maryland. Choosing the way your business is legally organized and structured is a fundamental step of starting a business and one to start thinking about early because it impacts the process of naming the business, applying for licenses and permits, and how the business is taxed. The business organization is the legal framework of an entity that is engaged in commercial activity. There are four primary types of business organization that a small business owner will choose from which include the sole proprietorship, partnership, corporation or LLC. Each entity has its own set of pros and cons and each has some considerations that may make one better than another for you and your business. The considerations include the cost of forming the entity, liability protection, ability to get investment, tax burden,

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