LEGAL STRUCTURE AND YOUR BASKETBALL BUSINESS

A successful basketball business often has more than one person involved in the ownership.  Are you planning on starting / growing a basketball training company or taking on new partners?    Basketball Entrepreneurs have the following business structures to choose from as they start or grow their businesses:

basketball entrepreneur and legal structure1.  Sole proprietor

2.  General Partnership

3.  Limited Liability Partnership

4.  C Corp

5.  S Corp

6.  LLC

7.  Non profit organization

8.  Professional Corporation

9.  Professional LLC

Look over the infographic below to make sure your basketball entrepreneur path and your legal structure match up properly.    Then get advice from a solid accountant and lawyer.  In Texas, I recommend Austin Startup Attorney Natalie Lynch This article is not intended to be legal advice.

choosing-a-basketball-business-legal-structure1

http://www.business.com/blog/choosing-a-business-structure/

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