Learn more about the advantages and disadvantages of the partnership model and find out what you need to cover in the all-important partnership agreement.

When starting a business, you need to choose a type of business structure— sole proprietorship, partnership, corporation or limited liability company (LLC). The type of business structure you select will determine liability issues, fees and regulations, tax payments and the possibility of issuing shares of stock.

If you decide you need the protection of a corporation, this tutorial explains how to incorporate.

Delta Airlines swallows rival Northwest in a $2.6B deal that creates the world's biggest airline, with Richard Anderson, Delta CEO

As Washington lawmakers debate as massive bailout for Wall Street firms that invested in mortgages, CEOs have come under new scrutiny for their multi-million-dollar salaries, even when their companies have suffered.

ABC News, in collaboration with James F. Reda and Associates, complied a list of some of the companies in the headlines today and looked at just how much money some of these CEOs are taking home.

Question: Should I set up my business as an S corporation or a Limited Liability Company?

The corporate boardroom is no longer a smoke-filled room populated with pals of the chief executive. In fact, being a corporate director can be a difficult job these days.

Catherine Bromilow, head of the governance practice for accounting giant PricewaterhouseCoopers, talks about trends in corporate boards—how they’re performing and the challenges they confront.

This video discusses how to structure a business, briefly describing the advantages and disadvanages of a sole proprietorship, partnership, LLC, and corporation.

In the conclusion of a bidding war said to have lasted for weeks, Google beat Microsoft to purchase ad serving company DoubleClick for $3.1 billion in cash. The move leaves Google’s competitors reeling, and opens up striking possibilities. It is not without its risks, however.

You’ve dedicated your sweat and hard work, your industry knowledge, your savings and energy to your new business. Every last detail is taken care of and you are ready to throw open the doors to the marketplace.

But wait. Have you thought through what kind of business entity you might want down the road? How is your business legally structured?

What happens to you, your partners, and your business in the event of a lawsuit?