§1.2 - Summary of Critical Factors
| Jurisdiction | Washington |
§1.2 SUMMARY OF CRITICAL FACTORS
For purposes of this chapter, the following five factors have been identified as being most important in the choice of business entity: (1) personal liability; (2) tax considerations; (3) organizational flexibility; (4) transferability of ownership interests; and (5) documentation and record-keeping requirements.
The personal liability factor concerns the extent to which the owners of the entity will be able to avoid personal liability for the obligations of the entity. This is often a crucial factor for at least some owners, and is available in...
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