Infographic: Business Entity Selection Made Easy

Understanding which kinds of business entity is right for your new venture can be tricky. Payoff – a new, free and interactive Web site that uses game dynamics to help people take control of their financial lives – has created the infographic below to help small business owners and entrepreneurs decide what business format will best work for them.

[Related: How To Choose the Best Type of Business Entity]

It compares ownership structure, longevity and personal liability. BusinessNewsDaily thought our readers would find it pretty handy.

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