How should you structure your new company?

You have decided that you want to have a company but don't know what type of legal structure this company should adopt.
While we suggest that you seek the advice of a qualified attorney before you decide on the business structure for your company, we can outline some basic information on the types of legal entities that are available to you in the State of Kentucky. We hope this helps you make an informed choice.
Aside from deciding if your technology/product/process is worth protecting, the entity type your organization assumes will be the most difficult decision you will make. In many cases it will determine you tax structure and what you can and cannot do as a business owner.
In Kentucky, you are generally free to choose to operate your business as one of the following:

Sole Proprietorship
Partnerships
Corporations (C Corp or S Corp)
Limited Liability Company