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June 2017 Archives

Proper entity selection an important decision when starting a business, P.2

Last time, we looked very briefly at some of the basic characteristics of sole proprietorships and partnerships, noting the importance of entity selection in business planning. Both of these types of business entities are relatively simple to set up compared to limited liability companies and corporations.

Proper entity selection an important decision when starting a business

In starting a business, there are a lot of decisions that need to be made, including financing, entity selection, and structuring the business. Selecting the specific form a business will take is important for a number of reasons.