When starting a business it is important to have the type of legal structure in mind so as to implement it soon. The legal structure of a business determines the amount of paperwork you will have to handle and also the amount of tax you will have to pay. You should therefore spend a considerable amount of time consulting experts so as to choose a structure that fits your business.
It's not a decision to be entered into lightly, either, or one that should be made without sound counsel from business experts. Kalish says it's important for business owners to seek expert advice from business professionals when considering the pros and cons of various business entities.