Your choice of business structure impacts taxes, liability, owner succession and other areas of your business. The basic structures of business ownership are sole proprietorship, limited liability company (LLC), partnerships, c-corporations and sub chapter s-corporations. Among other considerations, selection of a business structure depends on the level of control you desire, size and nature of the business and vulnerability to lawsuits. Consult with an attorney and an accountant to determine the structure that works for you.

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