Many small business owners can choose between several options when creating a business entity. Some will merge your personal and business liability and finances, while others provide distinct separation between the two. Finding the best business structure for you will vary based on local laws and regulations. You can use your government’s official website to research the different structures that are available. It may be wise to consult an accountant and business lawyer before choosing your business's structure.
Each business structure has its advantages and disadvantages. The best option may depend on your personal financial situation and goals for the business.