Starting a business is one of the most exciting and empowering decisions you can make. You’re turning your passion into a tangible entity, creating a vehicle for growth, impact, and success. One of the very first—and most important—choices you’ll face as an entrepreneur is determining the legal structure of your business. The business structure you choose will shape how your company is taxed, how much paperwork you’ll need to handle, and, most critically, how much personal risk you’re willing to take on.