![]() Make sure you choose the structure that best fits your business needs. Each of these structures will govern how you pay business taxes, how you operate the business, and your level of risk for personal liability. You could form your company as a sole proprietorship, a general partnership, a limited liability company, or a corporation. Selecting the legal structure of your business is the next important step. Step 2: Choose a legal business structure. Do you have special skills that make this the logical choice? Are you passionate about your product or service? What are the chances of success in your industry? To get clear on the answers, complete a business plan (see page 13 of Starting Your Business in Ohio). Look at why you want to start your own business. If you're starting from the beginning, you need to make sure that you research business ideas before taking concrete steps to establish a business.
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