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Businesses that take chances start out with a strike against them.

How do you know whether a corporation or LLC is right for your business?

This chart lists the pros and cons of corporations, LLCs, partnerships, sole proprietorships, and more.

No matter what type of business structure you choose, it pays to buy adequate insurance.

If you're going into business on your own, the simplest legal structure is the sole proprietorship.

Your spouse can participate in your sole proprietorship -- a little.

Sole proprietors pay taxes on business income on their personal tax returns.

Learn the essentials of this complicated subject before you file your tax return.

Don't wait another minute to put your partnership agreement in writing.

You must carefully follow IRS rules if you want to divide profits and losses in a way that's disproportionate to the owners' interests in the business.