Legal Forms of Business: What They Are and Which One to Choose (Updated 2022)

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There is a thought that unites anyone who decides to start a business: how to choose between the existing legal forms of business?

There are tons of definitions online, but if you feel like all the articles available only confuse your ideas further, don't worry: here you'll find the solution to all your doubts.

In this article we will talk about what legal forms of business are and we will make a precise distinction between all the types of individual and collective businesses existing in Italy.

In addition, at the end you will also find some useful advice on how to choose the best form for your business.

So what are you waiting for? Keep reading now.

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What are legal forms of business?
Business legal forms are organizations created by one or more russia email list persons for the purpose of undertaking a commercial or similar activity.

They are divided into partnerships and corporations, and the legal form of a company determines its structure and taxation method.

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When it's time to start a business, the first thing to do is to choose the structure of your company, that is, choose a type of legal form of business.

This is not simply a “formal” decision, on the contrary. Legal forms of business have important bureaucratic, legal and financial implications for any company.

For this reason, it is essential to understand the differences and characteristics of all legal forms in order to choose the best and most suitable one for your business.

Obviously, this type of classification is strictly linked to the legislation of each country.