When beginning a business, you must decide what form of business entity to establish. Your liability regarding investments into your business determines the amount of regulatory paperwork you have to file, your personal liability regarding investments into your business, and the taxes you have to pay.
The form of ownership should take into account your succession planning strategy. Read this article to find out what steps you should take to establish your company. We recommend consulting with an attorney and an accountant before deciding on your legal structure to be sure you select what is best for you.
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