Jan 112013

(PRWEB) December 29, 2012

This year, millions of Americans became the proud owners of a new business startup, and next year millions more will take the plunge but only some will succeed. And while there are many factors that determine new business startup success or failure, Sherry Tingley, founder of Coolchecks.net and principal writer of her popular small business tips and personal finance blog, says that choosing the right business organization structure is critically important.

The legal structure you choose will determine how your business will be taxed and the rules your business must follow, writes Tingley.

To help new business startups make the right choice, in her blog Tingley highlights the five most commonly used business organization structures: