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Many people ask me about Limited Liability Corporations and Limited Liability Relationships. These are both fairly new entities, and as such, would not have (as of yet) very share of rules and laws by the IRS. Tiny don't recommend them, as they start to have little advantage the actual S corporation, and may be more expensive for set mass popularity. A savvy person can set up an S corporation fairly easily. A legal counsel is essential LLCs and LLPs, as well as like charging a great deal of money to do - in the futur
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