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CHOOSING A BUSINESS FORM

There are many forms of legal structure you may choose for your business. The most common structures are sole proprietorships, general, limited and limited liability partnerships, corporations, limited liability companies, and nonprofit corporations. Each legal structure offers organizational options that may be more appropriate in certain situations and that affect tax and liability issues in different ways. The only way to really know which corporate form is most appropriate to your needs is to research each legal structure thoroughly and consult a tax accountant and/or attorney prior to making your decision.

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