Choose the Right Business Structure and Register Your Summer Business
There are five main business structures you can have in the U.S., and it’s important to choose the right one. We’ve shared your options below. They are:
This is the "default" business structure and is what your summer business will be if you decide not to create a more formal structure. Although you could use this for a tiny summer business, we don't recommend it as it doesn't give you the legal protections you need.
This is a type of business that is formed when two or more people work together without creating a more formal business entity. Like a sole proprietorship, it may not give you all the protections your summer business may need.
The most common type of business entity, an LLC is fast, simple and inexpensive to set up and maintain. It protects your personal finances and assets and is a great way to start your summer business.
This is a more complex type of business and isn't generally recommended for smaller organizations, like a summer business.
These are the largest and most complex types of businesses and are typically far more than the average entrepreneur or summer business owner will need.
For more information on the advantages and disadvantages of different types of businesses, please see our in-depth guide. If you’ve still got questions, we’ve answered them to help you choose the right business structure for your summer business.
In most cases, our recommendation for a summer business would be to create an LLC. We’ve got a complete guide to everything you need to do, and we can even set one up for your business. LLC formation does vary from state to state, but we’ve got you covered, wherever you are.Start Your Business with Us, Today!