Company legal structure
When you incorporate your digital company, you will need to choose a legal structure. The most common structures for businesses are corporations, limited liability companies, and partnerships. Each of these has different advantages and disadvantages. You will need to consult with a lawyer to determine the best for your business. One advantage of a corporation is that it offers limited liability protection to its shareholders. This means that if the corporation gets sued, the shareholders will not be held personally liable for the corporation’s debts. Another advantage of a corporation is that it can raise capital by selling shares of stock. A disadvantage of a corporation is that it is subject to double taxation. This means that the corporation itself pays taxes on its profits. Then the shareholders pay taxes on the dividends they receive.