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Choosing The Best Business
Written by various contributors • Posted October 1, 2019
The type of business structure that you choose influences
everything from day-to-day operations, to taxes, to how much
of your personal assets are at risk. You should choose a
business structure that gives you the right balance of legal
protections and benefits.
Your business structure will affect how much you pay in taxes,
your ability to get business funding, the paperwork you will need
to file, and your personal liability.
You will need to choose a business structure before you register
your business with the state. Most businesses will also need to get
a tax ID number and file for the appropriate licenses and various
Always choose carefully. While you may convert to a different
business structure in the future, there may be restrictions based
on your specific location, etc. This could also result in tax
consequences and unintended dissolution, among other various
Consulting with business counselors, attorneys, and accountants is