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For discover my clients, the Limited Liability Corporation is the best fit. At reasonable cost you may have a business entity that has limited liability for business debts, which protects your own properties. Many form the LLC with both State's Secretary of City. EXAMPLE: Harry started Nebula Graphic Designs in 2007, and his expenses exceeded his gross receipts by $40,000 that year. Regarding side, Harry worked as a printer's representative, netting $12,000 in commissions. Harry can claim $12,000 of business operating loss to era