Before deciding which type of company is most suitable for you, it’s important to consider your business purpose, growth objectives, financial situation, and personal liability preferences. If you’re a small business owner, sole proprietorship or single-member LLC company types may be more suitable for you. If you have a partnership structure, you may choose to establish an LLC or Corporation type company. Remember, the type of company you choose can have a positive/negative impact on your taxation. Be sure to seek expert advice before deciding on the company type.