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What Type of Business Entity Should You Create?
When you start a business, you will need to decide on a legal structure for it. For most, the choice will be either a sole proprietorship, partnership, limited liability company (LLC), or corporation. What type of entity you choose will usually depend primarily on the number of business owners involved in the business and the type of legal liability protection you want to have.
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Personal Liability and Your Business Entity Choice
Although there are many things to consider when choosing what type of legal entity is best for your business, most people end up making the choice based on one legal issue: the personal liability of owners for business debts. It’s true that the issue of personal liability can have a huge impact on successful small businesses a few years down the road.
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Buy/Sell Agreements: Business Exit Strategy
In order to successfully exit a business a number of issues must be resolved. These issues are best addressed at the beginning of a business and not after it has been operating...
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Learn the differences between an LLC and corporation so you can make the best choice for your business and circumstances.
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The Small Business Start-Up Kit: A Step-by-Step Legal Guide
Find all the information you need to start your business in this complete step-by-step guide.