People starting an organization can select from the vast array of legal structures. Once you choose setting a small business, a vital consideration is the kind of business entity to form. In certain specific circumstances, your company could possibly be ready to stash away earnings at a comparatively low tax rate. The business and the owner are the very same person in law. It's possible to easily exchange personal and company assets. You need to consider whether your company lends itself to potential liability and, if this is the case, if you're in a position to personally afford the possibility of that liability,' 'Kalish states. Not every Pennsylvania business wants a license.