Of all the decisions you make when starting a business, probably the
most important one relating to taxes is the type of legal structure
you select for your company. The most common forms of business are
sole proprietorship, LLC, partnership, C corporation and S
corporation. Not only will this decision have an impact on how much
you pay in taxes, but it will affect the amount of paperwork your
business is required to do, the personal liability you face and your
ability to raise money.
Caroline Murphy, Enrolled Agent
Owner, Dollars and Sense
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