In simple terms, a business
structure refers to the way a business is organized. This is generally related to, and is influenced by the ownership structure of your business. e.g. a sole proprietor usually only has one shareholder, a corporation however can have one or many, and a partnership while having lower startup costs, and also allowing more than one shareholder has some disadvantages which corporations do not.
This is a complex question, and the selection of a business structure will depend on your specific circumstance.
I recommend that you speak to a registered accountant before you finalize your business structure. (There are quite a few good accounting firms within the DUKE Heights BIA. Have a look at our members directory if you need to find one.)