Prepare to choose a business structure with my advisor
Compares sole proprietorship, partnership, LLC, and corporation for your situation and lists the questions to settle with a professional.
The prompt
Help me understand my business structure options before I meet an accountant or lawyer.
Country and state/region: [LOCATION]
What the business does: [DETAILS]
Owners: [just me / co-founders - with planned ownership split]
Expected first-year revenue and profit: [ROUGH RANGE]
Risk level: [e.g. "physical work in clients' homes", "advice that clients rely on", "online sales"]
Funding plans: [self-funded, loan, outside investors]
Hiring plans: [none, contractors, employees]
Do this:
1. Explain the structures commonly available where I am (e.g. in the US: sole proprietorship, general partnership, LLC, S corp election, C corp), in plain words: personal liability, how profits are taxed in general terms, paperwork and ongoing costs, and how easy it is to add partners or investors.
2. Compare them in a table against my situation.
3. Say which options look worth discussing first and why, without making a final call for me.
4. List the questions to ask my advisor: tax treatment, self-employment tax, state fees and annual filings, what investors would need later, and when to switch structures.
5. List what to bring to that meeting.
Use only general features; mark any specific fee, tax rate, or deadline [CONFIRM FOR MY LOCATION]. This is general information, not legal or tax advice; the right choice depends on details a qualified professional should review.
Highlighted [brackets] are blanks to replace with your own details.
Fill in the blanks and use this promptMore Legal & Compliance prompts
What to fill in
- LOCATION
- DETAILS
- just me / co-founders - with planned ownership split
- ROUGH RANGE
- self-funded, loan, outside investors
- none, contractors, employees
- CONFIRM FOR MY LOCATION
How this prompt is built
This prompt follows the Few-Shot structure (Few-shot prompting). A few-shot prompt includes one or more worked examples of the input and the output you want, so the model can copy the pattern instead of guessing it.
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