Choosing the Right Legal Structure - 1.1 Introduction - Establishing a business entity in the United States can be an important strategic step for any international company that wants to avail itself of the world’s economy. There are many considerations to weigh carefully in consultation with an experienced attorney. Section 1 examines the basic principles of five of the most common types of business entities. In particular, this Section will highlight governance, capitalization, personal liability, and tax treatment.