Starting a new business is an exhilarating experience. It can also be stressful. There is a laundry list of decisions to be made early on, but one of the most important is selecting the right business structure. Yes, you can make changes to the structure of your business at a later date but getting it right at commencement is the optimum way to go.

With there being numerous business structures to choose from, starting with the simple sole proprietorship to complex hybrid structures, it is good to consult your to get it right. So before choosing from the different business structures available, first understand some of the things to consider along the way.