A corporation isn't required to have a full team of c-suite executives and large, formal shareholder meetings. It is possible to be the sole shareholder, director and officer for your corporation.

One is less expensive, while the other provides more legal protections. Here’s how to decide. Fact checked by Vikki Velasquez Reviewed by JeFreda R. Brown One of the first decisions that anyone going ...

While you may have initially opted for the sole proprietorship or partnership structure for your startup business, these structures may not be practical once your business begins to grow and expand.