People starting a business can select from a vast selection of legal structures. Once you select to set a business, an integral consideration is the type of business entity to form. In some specific circumstances, your company might be ready to stash away earnings at a comparatively low tax rate. The company and the master are the very same person in law. It is possible to easily exchange personal and company assets. You should think about whether your company lends itself to potential liability and, if that's the case, if you're able to personally afford the possibility of this liability,' 'Kalish states. Its not all Pennsylvania business wants a license.