There are several forms of business organizations: sole proprietor, partnership, corporations, and limited liability companies. Legal liability, income taxes, protection of assets, and ease of transfer are some of the issues affected by the form of business organization. In order to decide upon the best solution for you, you should consult an attorney and a CPA. These professionals can analyze your situation and make the correct recommendation. For a brief overview of the different forms of business organizations, the U.S. The Small Business Administration has a good description of the forms of business.