Business Entities (Business Law and Management)

Every construction contractor who owns their own business needs to have a business entity that is appropriate for their business needs.

Business entities have multiple purposes including

  • Separating personal assets from business assets
  • Limiting Liability
  • Limiting Taxes
  • Succession Plans
  • Etc.

Each business entity has its own advantages and disadvantages. The most common business entities are

  • Sole Proprietorships
  • General/Limited Partnerships
  • Limited Liability Companies (LLC)
  • S Corporations
  • C Corporations

Construction Contractors Guide PDF: Summary of California Business Entities
We are here to assist construction contractors in determining the appropriate business entity for their business.

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