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HOW TO STRUCTURE YOUR BUSINESS FOR SUCCESS
One of the most important aspects of starting a business is proper business structure. When starting your small business you will find that there are 5 main forms of business ownership to choose from, which are listed below.
Each type of business structure has advantages and disadvantages.
The form of business ownership you choose will directly affect how much taxes you have to pay and what business licenses and documents you will need. Many small businesses start as one form of ownership and changes to another as it grows.
The 5 Main Forms of Business Ownership. Sole Proprietorship; General and Limited Partnership and C or S Corporation and LLC or Limited Liability Corporations.
