In the life of every business an opportunity comes along to join forces with another company.

Whether that’s a merger, acquisition, joint-venture, partnership or code-share depends on strategic, financial, legal and emotional factors.

Let’s take the easy one - the legal structure.

We downloaded a chart a couple of days ago that compares and contrasts ‘Sole Proprietorships vs. C Corporations vs. S Corporations vs. LLCs’.

It contains a sixty-five square grid, one of which states: ‘Taxed at corporate rate and possible double taxation: Dividends are taxed at the individual level if distributed to shareholders.’

Having lived through this debate both personally and on behalf of some of our clients we can tell you three things.

1. Each of the 65 boxes on this chart matter.
2. The chart is missing 26 other squares which are also critical.
3. You don’t want to navigate the analysis alone.

Simply, nothing about picking the best legal structure for your business is simple. And the right answer for you depends on what you’re doing.

And who with.