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Your preference of entities includes corporation (C and S corp), LLCs (Limited Liability Corporations), Partnerships, and Sole Proprietorships. They all have plenty of benefits, properly course, the same number of drawbacks. Unless you plan on opening a multimillion dollar company with venture capital and multiple partners, job even will have to hire an attorney to perform initial corporate registration. Does hearing the term Tax Day make you break out into a sweat?
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