Your selection of a business name and structure is very important. They are registered with the Idaho Secretary of State. This process may affect your legal liability, taxes and more, so you may want to consult with your attorney and accountant before choosing a structure. You can research the differences between a sole propriotorship, Limited Liability Company (LLC), partnership, and corporation by checking Legal Structure. Talk first to your SBDC consultant and then to an attorney and a CPA. The higher your personal net worth, the more protection you will need and the business structure is the place to start.