CB Quiz: How to Select the Right Business Structure

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If you score between 60-100 points, you should register a Limited Liability Company. If you score 0-40 points, you should register a business name.

Go to www.corporatebestie.com to start your registration.

Email *

Why are you starting a business? *

20 points

I want to make money

I want to make an impact

What is your long term plan for the business? *

20 points

I want a business that outlives me and can be passed on to others (spouse, children, partners, etc)

I just want something temporary to get me by some financial difficulties

Others are starting a business, so I want to join them too

Are you looking for funds from investors for your business *

20 points

Yes, I am

No, I'm not

Do you have or intend to have other co-founders, directors or shareholders *

20 points

Yes, I do, the more the merrier

Yes, but only those who will help to grow the business

No, I don't want to share my profits/company with others

If you have a legal matter as a result of the company, who should bear the legal or financial responsibilities *

20 points

I don't mind bearing both the legal and financial responsibilities

I want the company to bear both the legal and financial responsibilities and not me personally

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