Choosing the best structure for your Business

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When you start your own business, you must first decide whether it will be a sole proprietorship, a partnership, a limited liability company (LLC) or a corporation.

Which of these forms is right for your business depends on the type of business you run, how many owners it has, and its financial situation. No one choice suits every business: Business owners have to pick the structure that best meets their needs.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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