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