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Your selected entities includes corporation (C and S corp), LLCs (Limited Liability Corporations), Partnerships, and Sole Proprietorships. Each has plenty of benefits, along with course, an equal number of drawbacks. If you plan on opening a multimillion dollar company with venture capital and multiple partners, needed even would need to hire legal counsel to do the initial corporate registration. The LLC provides its owners using a shield or veil against liability. Plaintiff attorneys are able to seek to "pierce the business vei